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Oil now
The oil market received an upward dynsmic in trading on Tuesday. The reason for this was the preservation of tension in the Middle East. It is worth noting that, despite attempts at moderate growth, the overall dynamics of oil remains limited to the persistence of fears over demand in the context of a slowing global economy.
Weekly and monthly dynamics of oil remain discreetly ascending, due to the restriction of supply. Also, the reason for the increase in oil prices may remain optimistic expectations regarding the reduction of oil reserves in the United States. Their expectations did not increase interest in oil.
Look Technical Analysis.
Brent crude oil is traded in the region of $ 64.40, an increase of about + 0.50% in price.
WTI crude oil is traded around $ 57.90, an increase of about + 0.50% in price.
Raed also: “Prospects for the recovery of emerging markets”
Dani Leviant
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