Oil now

The oil market has remained restrained from the start of the day, limited by the dynamics in the side channel. After the rapid growth yesterday due to a decrease in oil and oil products and a general increase in oil demand, the main oil brands are traded with restraint, correcting after growth in a narrow flat. In addition to the fact that the oil market confirmed keeping the upward trend, updating the  October 11 high.

Major oil brands remain limited by overbought, forming an October high. Against this background, a restrained correction to the trading levels of the start of this week is expected.

Look Technical Analysis.

Brent crude is trading at around $ 60.90, a decline of about -0.30% in price.

WTI crude oil is trading around $ 55.60, a decline of about -0.50% in price.

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Dani Leviant

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