Oil now - Ester Holdings

Oil now

On Friday, major crude oil brands strengthened, maintaining an upward trend of Thursday. The reason for the increase in the cost of oil was the data that the US Navy shot down an Iranian drone. To which the Iranian authorities replied that they did not lose the drone. Despite the lack of confirmed information from both sides, the tension in the Middle East has escalated. Thus, the passage of oil tankers through the Strait of Hormuz remains complicated. Also, this news has caused an increase in concerns about exacerbation of tensions in the Middle East.

The oil market on the data of an armed exacerbation between Iran and the United States slowed down the decline, but remains in the weekly downward channel.

Look Technical Analysis.

Brent crude oil is traded in the region of $ 62.90, an increase of about + 1.60% in price.


WTI crude oil is traded around $ 55.90, an increase of about + 1.10% in price.


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Dani Leviant


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