Oil now

At the trading on Thursday, the oil quotations of the main oil brands of oil are traded at the opening the day level, limited to data on the growth of oil reserves in the United States, which rose by 4.8 million barrels for the week. This is the ninth consecutive week when oil inventories in the United States show growth.

It is worth noting that sales in the oil market have slowed down and are limited to weekly lows, thereby indicating the formation of lateral dynamics and the formation of a correction. The general sentiment in the oil market remains negative, despite a slowdown in decline.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 63.40, a decline of about -0.10% in price.

WTI crude oil trades at $ 54.40, a decline of about -0.30% in price.

Read also: “Government Bonds – The Mechanism of Trade and the Correlation with the Foreign Exchange Market”

Dani Leviant

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

Topical articles of the trader’s blog:

1. An engulfing strategy. A Trend reversal.
2. Gold is limited to annual correction! What to expect?!
3. The Australian dollar (AUD) is in anticipation of the annual correction! What to expect?!

Current Investment ideas:

1. “3 reasons to buy  Cisco Systems Inc. shares”
2. “It’s time to hit the jackpot on the sale of McDonalds shares!”