Oil today: oil continues to rise

On Thursday, oil quotations continue to strengthen positions on data on the reduction of oil reserves in the United States, the growth of optimism in the market and the continued concern about the worsening situation in the Middle East. Thus, the main oil brands remain near significant psychological levels, so, Brent is preparing to test the mark of $ 80 per barrel.

In turn, the oil quotes remain in a significant overbought, and the situation with Iran is gradually being put on the back burner due to data on trade relations between the eurozone and Iran. Therefore, psychological levels for oil can become a significant resistance, from the repulsion is possible.

At the moment, Brent crude is traded at around $ 79.80, with an increase of about + 0.70% in price.

WTI oil is traded at $ 72.10, with a rise of about 0.90% in price.

Hanzenko Anton