Oil now

After a modest growth in oil at the start of the week, which was caused by a general increase in optimism around trade negotiations and the waiting for a meeting between the leaders of the United States and China, the main oil brands fell sharply. Also the comments of the US President Trump had an impact, who asked OPEC to calm down and not push oil to grow. As a result, the main oil brands fell by almost $ 1 per barrel, retreating from three-month highs and returning to the flat dynamics in the flat.

As a result of Trump’s announcement, oil is likely to be limited in growth, but it’s too early to talk about slowing two-week growth without obvious actions, not to mention two-month growth that has been observed since the beginning of the year.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at around $ 66.50, a decline of about -1.10% in price.

WTI crude oil trades at $ 56.60, a decline of about -1.20% in price.

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Dani Leviant

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