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Oil now
On Monday, at the opening of the new trading week, the oil market at the beginning of the day showed a noticeable growth of the main oil brands in the maintenance of tension in the Middle East. The reason for the risks remain the relationship of the United States and Iran. So, after the abolition of the US attack on Iran, the United States threatens to take “serious” sanctions against Iran. This actually became the driver for the restrained strengthening of oil.
Since there has not been any actual action from the start of the day, and market concerns have weakened, the main oil brands have moved to a correction, keeping restraint on waiting for the introduction of new sanctions by the US against Iran, which with high probability will increase tension in the Middle East.
Look Technical Analysis.
Brent crude is traded at around $ 64.50, an increase of about + 0.00% in price.
WTI oil is traded at about $ 57.80, an increase of about + 0.70% in price.
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Dani Leviant
Earn with the help of the trade service on the news Erste News!
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