Oil now
The main oil brands are traded with a strengthening on Tuesday after a rapid decline at the end of last week. The main driver to strengthen the cost of oil is the data on the reduction of exports from OPEC, in the framework of production restrictions and US sanctions against Venezuela. Separately, it is worth noting the statistics for the United States, which showed another week in a row the reduction of oil and oil products in the United States. From these reports, which will be released today and tomorrow, also similar data on reducing stocks are expected. The overall dynamics of the main oil brands continues to rise, limited to the lows and highs of the past week.
Look Technical Analysis of Oil.
Brent crude oil traded in the region of $ 67.40, an increase of about + 0.90% in price.
WTI crude oil traded in the region of $ 59.60, an increase of about + 1.30% in price.
Read also: “CFD on commodities: oil, gold and silver”
Dani Leviant
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