Oil now
The new week opened with the growth in the oil market based on data from Saudi Arabia, where Yemeni rebels launched two attacks on an oil field and an oil refinery. This caused a noticeable exacerbation of tension in the Middle East and, as a result, increased demand for oil.
But the strengthening of the oil market was impulsive due to the persistence of risks of lower demand. In the face of a further slowdown in the global economy, the oil market will be limited in growth. While the main oil brands are traded in Friday’s trading limits, maintaining an overall restrained upward dynamics.
Look Technical Analysis.
Brent crude oil is trading around $ 58.90, an increase of about + 0.50% in price.
WTI crude oil is trading around $ 55.00, an increase of about + 0.20% in price.
Read also: “British Pound (GBP) –
Features of trading on crosses»
Dani Leviant
Earn with the help of the trade service on the news Erste News!
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