Oil now

The oil market has been trading in different directions from the start of the day, after it showed a decline in China’s GDP data. Thus, data on China’s GDP showed a slowdown in the Chinese economy, which could also cause a decrease in demand for energy resources and, in particular, oil from China, which remains the largest importer of oil.

Towards the middle of the day, the dynamics of oil remain upward, receiving support from the growth of optimistic moods and risks associated with a decrease in supply. Despite the attempts of growth, the main brands of oil are limited by the highs of the past week and maintain a restrainingly downward trend.

Look Technical Analysis.

Brent crude oil is traded in the region of $ 67.10, an increase of about + 0.50% in price.

WTI oil is traded at about $ 60.40, a rise of about + 0.40% in price.

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Dani Leviant

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