Oil today: oil quotations are in flat

After very negative data on oil reserves in the US, which showed an increase in crude oil reserves and a reduction in gasoline and distillates over the past week, the main oil brands are trading at the closing level of the day, receiving support from data on the Middle East.

Also, the oil went into the correction phase. This may cause update of the weekly lows. Also, oil managed to overcome significant psychological levels, which will now act as support.

Recommended for reading: Technical analysis and Oil (current news).

• The nearest resistance levels: for WTI – 57.50 and 58.00 $ per barrel, for Brent – 64.50 and 65.00 $ per barrel.
• Support levels: for WTI – 56.50 and 56.00 $ per barrel, for Brent – 63.00 and 62.50 $ per barrel.

Hanzenko Anton