Oil now
The oil market trades in different directions on Wednesday, maintaining lateral dynamics. In addition to general market restraint on the uncertainties in the decline in demand and statements about a decrease in supplies from OPEC, oil is limited by the expectation of data on the US oil reserves from the API, which will be released today at the end of the day.
The oil market actually remains trapped in uncertainty and risk. Weekly market dynamics indicate continued growth in correction. Longer trends point to the risks of decline to August lows.
Look Technical Analysis.
Brent crude oil is trading around $ 58.50, a decline of about -0.20% in price.
WTI crude oil is trading at around $ 54.70, a decline of about -0.30% in price.
Read also: “The trading strategy on the news Erste News VS Other Technologies”
Dani Leviant
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Gold in the light of current events. How long is its growth
- A new round of trade war: duties, restrictions, prospects
- The results of the July Fed meeting for the market
Current Investment ideas: