Oil now

Oil quotes returned to the level of the opening of the day after attempts to grow on the overall increase in optimism. Oil pressure was exerted by waiting for data on US oil inventories and the resumption of US dollar growth on ADP data. The pressure on oil quotes was mainly aggravated by the expectation of the EIA report, which will be released today. Earlier, the American Petroleum Institute API reported an increase in oil reserves in the United States by 5.7 million barrels per week, which ultimately became the limiting factor before the official report on oil reserves in the United States.

At the same time, technically, oil quotes retain a downward trend, limited to an increase in supply in the oil market. General increase in optimism in stock markets contributes to rising oil prices, but is limited to upcoming data and negative expectations.

Look Technical Analysis.

At the moment, Brent crude is trading around $ 75.70, a decrease of about -0.20% in price.

WTI crude oil trades at $ 66.00, a decrease of about -0.20% in price.

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Dani Leviant

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

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