Oil now
The oil market is trading in a small plus due to the growth of optimism in the market after the United States and Mexico reached an agreement on migration control, reducing the likelihood of a trading war on the introduction of trade duties on products from Mexico. At the same time, the oil market remains very restrained due to the risks around the upcoming OPEC meeting and non-cartel countries, which will be held on June 25-26. The risks around this meeting are associated with the expectation of extending the transaction to limit oil production in OPEC + and their volumes. Fears of abandoning an agreement restricting oil production or increasing production quotas are a major risk factor.
Look Technical Analysis.
Brent crude oil is traded in the region of $ 62.50, an increase of about + 0.40% in price.
WTI oil is traded at around $ 53.80, an increase of about + 1.00% in price.
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Dani Leviant
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