Oil now

On Tuesday, oil quotations show a restrained growth on the data that production in Libya has again declined due to force majeure. Also, oil investors expect data on oil reserves in the US from the API, which declined for two weeks in a row. And given that drilling activity in the US continues to slow, and the demand remains very high, the existing dynamics will continue, which will provide another support for the cost of oil.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 77.90, with an increase of about + 0.70% in price.

WTI oil is trading at $ 74.70, rising about + 1.00% in price.

Read also: “What for the oil market is waiting after increasing quotas for oil production in OPEC?”

Dani Levitan