Oil now

At the beginning of the week, the oil market trades in different directions, keeping the ambiguous dynamics of Friday. The reason for the lack of a common mood in the market remains data on the growth of oil inventories in the United States and the risks of trade opposition to the United States and China. OPEC’s statements about continued export restrictions provided little support to the oil market. The overall dynamics of the oil market remains descending, despite the noticeable oversold of the main oil brands.

Look Technical Analysis.

Brent crude is traded at $ 67.80, an increase of about + 0.60% in price.

WTI crude is traded at around $ 58.60, a decrease of about -0.10% in price.

Read also: “Strategy Retest – 1 more way of income”

Dani Leviant

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

Topical articles of the trader’s blog:

1. Cryptocurrencies as new safe haven assets
2. The impact of the trade war on the US stock market
3. Expectations from the AUD/USD pair for May

Current Investment ideas:

1. Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!
2. Several reasons to buy Walmart shares. Use the chance to earn!