Oil now

At the start of the week, oil prices remain near the annual highs, restrainingly correcting. The reason for maintaining optimism in the oil market – according to rough estimates, US sanctions against Iran reduce the supply in the oil market by 1.5 million barrels per day, so it provides the main drivers for rising oil prices.

At the same time, oil quotes form a significant resistance near the annual highs, which can serve as a significant resistance in the further strengthening of the oil cost.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 82.80, with an increase of about + 0.10% in price.

WTI oil is trading at $ 73.40, rising about + 0.10% in price.

Read also: “Trade in currency baskets”

Dani Levitan

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

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