Oil now
The oil market remains under pressure on data on the resumption of oil and petroleum products in the United States. This indicates a low demand in the holiday season, which is characterized by increased demand. The pressure on the oil market is also exerted by the resumption of oil production in the Gulf of Mexico after the break and the continued risks of a slowdown in the global economy.
As a result, the main oil brands set their sights on July lows. This may serve as a reason to slow down the upward dynamics of the last two months.
Look Technical Analysis.
Brent crude oil is traded in the region of $ 63.60, a decrease of about -0.10% in price.
WTI crude oil is traded at around $ 56.60, a decrease of about -0.20% in price.
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Dani Leviant
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