Oil now - Ester Holdings

Oil now

The oil market has accelerated growth from the start of the day to exacerbate tensions in the Middle East as soon as it became known about the attack on the Iranian tanker. Also, optimism continues to support the oil market, which is associated with the US – China trade talks.

The growth of major oil brands is limited by overbought and the current month high. Fixation of major oil brands above this high will indicate the formation of an upward reversal and the formation of a correction against a decline in September. But this will require very positive results from trade negotiations. Another limiting factor for the oil market is the decline in demand at a very high level of oil supplies.

Look Technical Analysis.

Brent crude oil is trading around $ 59.90, an increase of about + 1.30% in price.


WTI crude oil is trading around $ 54.30, an increase of about + 1.50% in price.


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Dani Leviant


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