Oil now
On Wednesday, oil prices resumed a moderate decline after attempts to grow early in the day. Early in the day, oil quotes were supported by data on an increase in oil imports to China. But the fears of a worsening the US – China trade tension and the expectation of data on oil reserves in the United States returned the oil quotes to a decline.
It is expected that crude oil inventories in the United States will continue to increase against the background of record production volumes. This, in turn, will increase the downward trend of oil to local minima. At the same time, the main brands of oil remain near significant psychological marks that will be difficult to overcome without weighty arguments.
Look Technical Analysis.
Brent crude is traded at around $ 69.60, a decrease of about -0.50% in price.
WTI oil is traded at around $ 61.20, a decrease of about -0.30% in price.
Read also: “Prospects for the dollar at the end of September and the beginning of October 2018”
Dani Leviant
Earn with the help of the trade service on the news Erste News!
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