Oil now

The oil market on Thursday remains under pressure from downward sentiment after the publication of data on oil inventories in the United States, which showed an increase of 3.57 million barrels per week, rather than only increasing fears in the market around the increase in supply.

The oil market also has great hopes on the upcoming G20 meeting, which will be held on weekend, and the OPEC meeting, which is scheduled for December 6. General dynamics of oil continues to be limited by the downtrend, indicating a potential for decline.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 58.40, a decline of about -1.20% in price.

WTI crude oil trades at $ 49.80, a decrease of about -0.90% in price.

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Dani Leviant

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