Oil now

At the trading on Wednesday, the oil market continues to trade at the level of the opening of the day, trading in the flat of the last days on the expectation of new data on sanctions against Iran. Earlier, oil has significantly strengthened on the message that the US intends to strengthen sanctions against Iran and its importers, which were given quotas. In fact, the US sanctions are aimed at the complete cessation of Iranian oil, which caused a significant increase in protests.

The oil market is keeping a low dynamic now on waiting for data on the US oil inventories. But the market’s main focus is on the US sanctions against Iran, which should be tightened on May 2. Until this time, data on oil inventories in the United States may have a significant impact on the market.

Look Technical Analysis of Oil.

Brent crude is traded at around $ 74.30, a decrease of about -0.20% in price.

WTI oil is traded at around $ 66.00, a decline of around -0.50% in price.

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Dani Leviant

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