Oil (current news) - Ester Holdings

Oil (current news)

At the Friday trading, oil prices from the start of the day remain under pressure from negative sentiment in the market. Previously, the main crude oil retreated from the lows, thereby forming an upward correction trend, which was caused by the reduction stands of oil from Venezuela.

At the same time, negative sentiments remain in the oil market caused by the expectation of the upcoming OPEC meeting on June 22, at which quotas for oil production will be discussed. The increase in oil production in the US stopped putting significant pressure on the oil market and puts pressure on the WTI brand, which increased the gap between the cost of BRENT and WTI.

Look Technical Analysis of Oil.

 

At the moment, Brent crude is trading around $ 76.90, a decline of about-0.50% in price.


WTI oil is trading at $ 65.70, a decline of about -0.40% in price.


Read also: “Gold – Driver or Simply a Tool of the Commodity Market”

Dani Levitan

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