Oil today

Oil quotations remain to be traded with strengthening based on the data on the situation in Iraq. The market continues to actively turn to advantage the military conflict in the north of Iraq. And, as a result can cause interruptions in the supply of oil from this region. Also, the market’s attention is focused on the data on US oil reserves from the API.

Despite the optimistic data on oil, the WTI is limited to the level of June’s highs at 52.00 and 53.00. Brent also approached significant levels of resistance and is limited to psychology at 59.00 and 60.00.

• The nearest resistance levels: for WTI – 52.50 and 53.00 $ per barrel, for Brent – 58.50 and 59.00 $ per barrel.
• Supported by the levels: for WTI – 51.50 and 51.00 $ per barrel, for Brent – 57.50 and 57.00 $ per barrel.

Hanzenko Anton