Oil now

The main oil brands on Friday trades are trading at the opening of the day, remaining under the pressure of general pessimism. At the end of the week, oil dropped noticeably due to a decrease in optimism on stock exchanges and the risks of exacerbation of trade opposition. At the same time, a decrease in oil exports from OPEC and Venezuela provided restrained support for oil prices. It is also worth noting a noticeable oversold of oil, which was formed by the end of the week, which may indicate the formation of an upward correction. The dynamics of oil, despite the weekly decline, is restrained positive, remaining traded in the monthly trend.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 61.80, an increase of about + 0.30% in price.

WTI crude oil trades at $ 52.40, a decline of about -0.40% in price.

Read also: “Emerging markets and their prospects: South African Rand (ZAR)”

Dani Leviant

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