Oil now
On Tuesday, the oil market is trading restrained on a general decline in the risks of a trade war, after the US President Trump announced the continuation of trade talks with China. Despite attempts of growth on the increase of optimism, the oil market remains near weekly lows, maintaining a downward trend since mid-April. The technical level limiting the recovery of the oil market is the highs of Monday and Friday, from which the formation of a downward reversal is not excluded.
Read Technical Analysis.
Brent crude oil is trading around $ 58.60, an increase of about + 0.90% in price.
WTI crude oil is trading at around $ 54.20, an increase of about + 1.00% in price.
Read also: “Japanese Yen: expectations and prospects”
Dani Leviant
Earn with the help of the trade service on the news Erste News!
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- A new front opens in the trade war
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