Oil now
Oil on Thursday is trading restrainedly positive after yesterday’s decline on data on oil inventories growth in the US. In addition to US data, that confirm the growth in supply in the oil market, oil quotations remain under pressure from the risks associated with the new US duties against China, which have collapsed stock markets and increased pressure on risky assets.
Technically, the cost of oil is limited by the July lows, which are the main support in the emerging downward dynamics.
Look Technical Analysis of Oil.
At the moment, Brent crude is trading around $ 74.20, an increase of about + 0.10% in price.
WTI oil is trading at $ 68.70, rising about + 0.00% in price.
Dani Levitan
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Emerging markets and their prospects: Chinese yuan (CNH or CNY)
- Stock indices: the Japanese market
- Emerging markets and their prospects: Turkish lira (TRY)
Current Investment ideas:
- Preparing to have profits on an optimistic report of Alcoa Inc.!
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