Oil now

On Friday, on a general decline in optimism on stock exchanges and the recovery of the American dollar, the oil market opened with a decline on correction after yesterday’s growth on positive data on a decrease in the US oil inventories. As a result, the main oil brands updated their monthly highs, but could not gain a foothold at these levels.

A restrained correction is traced on the oil market, indicating the preservation of the weekly lateral dynamics. It indicates a decrease in major oil brands to the opening levels of the current week and the lows of the current week.

Look Technical Analysis.

Brent crude oil is trading at around $ 60.00, a decline of about -1.50% in price.

WTI crude oil is trading around $ 55.50, a decline of about -1.50% in price.

 

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Dani Leviant

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