Oil now

Oil maintains an upward trend in the growth of tension in the Middle East. So the main oil brands are trading with a strengthening on Friday, having received support from the risks of increasing the supply from the Persian Gulf. Earlier, the aggravation of the situation in the Middle East contributed to the actions of Iran regarding the British tanker. The limiting factor for the oil market remains the risks of a slowdown in the global economy and a decline in demand for oil and oil products.

The dynamics of the major oil grades remain ascending due to the risks, but are limited to two-week highs and fundamental factors.

Look Technical Analysis.

Brent crude oil is traded in the region of $ 63.80, an increase of about + 0.70% in price.

WTI crude oil is traded at $ 56.60, an increase of about + 0.80% in price.

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Dani Leviant

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