Oil now

On Friday, the main oil brands continue their upward trend in the data on export reduction. According to the International Energy Agency (IEA), the world oil exports have declined because of the OPEC agreements and the US sanctions against Iran and Venezuela. Also support for oil on Friday was given by the general decline in the value of the US currency, which reduces markedly the price of buying oil.

The weekly dynamics of the main oil brands is limited to recent highs, keeping the lateral dynamics. The overall trend in oil remains up, despite a slowdown near five-month highs.

Look Technical Analysis of Oil.

Brent crude oil traded in the region of $ 71.70, an increase of about + 1.20% in price.

WTI oil is traded at about $ 64.50, a rise of about + 1.50% in price.

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Dani Leviant

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