Oil now

The oil market on Tuesday is trading near the opening of the day, keeping multidirectional dynamics. The exacerbation of the risks of military confrontation between the United States and Iran provide restrained support to oil prices. Waiting for data on oil reserves and the preservation of tension around the trade standoff continue to put pressure on the oil market.

As a result, restrained negative sentiments in the market that contribute to a limited decline develop. In addition to geological risks, the main driver of the oil market is data on the US oil inventories for the week, while waiting for a restrained downward correction.

Look Technical Analysis.

Brent crude is traded at around $ 64.00, a decrease of about -0.20% in price.

WTI oil is traded at about $ 57.90, a rise of about + 0.00% in price.

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Dani Leviant

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