Oil today: oil quotes decrease after growth
On Thursday, oil prices remain under pressure of risks and correction after the rapid growth yesterday. The rapid strengthening of the cost of oil was caused by the EIA data on a significant reduction in crude oil reserves in the US. Despite this, oil remains under pressure of uncertainty regarding the extension of OPEC’s agreement to limit production and trade wars. But, despite the persistence of risks, oil quotes manage to maintain a common two-month uptrend and form a reversal.
Recommended for reading: Technical analysis of oil and not only
- The nearest resistance levels (signals to sell oil): for WTI – 63.80 and 64.50 $ per barrel, for Brent -68.50 and 69.00 $ per barrel.
- Support for the mark (signals to buy oil): for WTI – 62.80 and 62.20 $ per barrel, for Brent – 67.50 and 67.00 $ per barrel.
Graph of WTI. Current price – $ 63.10
Graph of Brent. Current price – $ 67.80
Hanzenko Anton