Oil now

At the trading on Tuesday, the oil market shows restrained dynamics, after significant volatility yesterday. Previously, data on the possibility of extending oil exports from OPEC and non-cartel countries and the risks of aggravating the armed conflict between the US and Iran have led to the multidirectional dynamics of oil.

Despite the actual development of this situation, the oil market remains very restrained, showing growth due to a general increase in optimism around the next trade talks between the US and China. If optimism continues to grow in the stock markets, the possibility of updating the weekly highs in the oil market is not excluded.

Look Technical Analysis.

Brent crude oil is traded in the region of $ 72.30, an increase of about + 0.50% in price.

WTI crude oil is traded in the region of $ 63.70, an increase of about + 0.70% in price.

Read also: “The oil market. A view from the past to the future”

Dani Leviant

Earn with the help of the trade service on the news Erste News!

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