Oil now
On Thursday, the main oil brands are trading near monthly highs, which is caused by the growth of optimism around the US-China trade talks. The market expects normalization in the trade confrontation, which will have a positive impact on the global economic situation and, as a result, will increase the demand for oil against the background of renewed growth in the global economy.
The main oil brands this week accelerated the growth markedly on the update of weekly and monthly highs. Thus, Brent managed to get out of the established side channel, breaking the psychological level of 63.00. The WTI brand remains in a restrained uptrend, limited to 55.00.
Look Technical Analysis of Oil.
At the moment, Brent crude is trading around $ 64.60, an increase of about + 1.60% in price.
WTI crude oil trades at $ 54.50, an increase of about + 1.10% in price.
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Dani Leviant
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