Oil now

On Thursday, the oil market is trading in different directions. So the oil market shows a resumption of growth and a return to yesterday’s highs after the opening of the day and the decline in major oil brands after yesterday’s growth. The reason for the increase in oil prices is the reduction of oil inventories in the United States and the growth of optimism on stock exchanges. The limiting factor is the risks of a trade war and a slowdown in the global economy, which make the oil market trade in different directions for uncertainties.

The main oil brands, despite the slowdown in growth, maintain upward dynamics in recent weeks, forming a lateral dynamics, which is limited by the extremes of the past week.

Look Technical Analysis.

Brent crude oil is trading around $ 60.00, an increase of about + 0.10% in price.

WTI crude oil is trading around $ 56.20, an increase of about + 0.70% in price.

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Dani Leviant

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Earn with the help of the trade service on the news Erste News!

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