Oil today: oil is recovering on optimistic forecasts

Thursday trading on the oil market remains restrainedly negative, limited to correction after yesterday’s decline on data on the growth of oil reserves in the US. The reason for correction is the data on the slow recovery of the balance of supply and demand on the oil market. But, despite optimistic expectations, the data on the growth in oil production in the US and the downward trend in oil continue to exert pressure on oil quotes, which may lead to another wave of oil sales.

Recommended for reading: Technical analysis of oil and not only

• The nearest resistance levels (signals for the sale): for WTI – 61.50 and 62.00 $ per barrel, for Brent – 65.50 and 66.10 $ per barrel.
• Support for the mark (signals to buy): for WTI – 60.50 and 60.00 $ per barrel, for Brent – 64.00 and 63.50 $ per barrel.

WTI brand graph. Current price – 61.00 $

Brent brand graph . Current price – $ 64.90

Hanzenko Anton