Oil now
The main oil brands are traded at the opening of the day level on Thursday, after short attempts to reduce. Earlier, the oil market was under the pressure, despite optimistic data on a decrease in the US oil reserves over the week. The pressure on the oil market was exerted by the expectation of increased oil production in the United States and the uncertainty surrounding the limitation of oil production in OPEC in non-cartel countries.
So, earlier, the main party to an agreement to restrict production, Russia, said it was not going to extend the restriction on production, which caused a significant increase in fears in the oil market. Under conditions of uncertainty about global production volumes and correction after growth, the main oil brands remain under restrained pressure, limited to weekly lows.
Look Technical Analysis of Oil.
Brent crude is traded at $ 71.60, an increase of about + 0.00% in price.
WTI crude is traded at around $ 63.70, a decrease of about -0.05% in price.
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Dani Leviant
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