Oil now

Oil quotes show an increase at the start of the week on tightening expectations regarding sanctions against Iran and maintaining a downward trend in oil inventories in the US. As a result, the main oil brands accelerated growth, limited to annual highs.

Despite optimistic forecasts, the strengthening of oil may be limited by the risks surrounding Trump’s statements regarding the containment of rising oil prices. As a result, after growth, oil will be limited to annual highs.

Look Technical Analysis of Oil.

At the moment, Brent crude oil is trading around $ 80.00, an increase of about + 2.30% in price.

WTI oil is trading at $ 72.00, rising about + 1.70% in price.

Read also: “Fundamental analysis: Inflation and the impact of its indicators on world currencies”.

Dani Levitan

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

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