Oil now

Oil was under the pressure of Trump’s statement that OPEC is pushing the cost of oil to growth. This statement had a negative impact on oil, as the words of the US president indicate OPEC’s reluctance to make concessions to the US, which could eventually lead to another conflict.

At the same time, the main oil brands remain in the trading range of the past days, expecting data on oil reserves in the US, which recently declined actively with increasing demand, thereby pushing the cost of oil up.

Look Technical Analysis of Oil.

At the moment, Brent crude oil trades around $ 77.80, a decline of about-0.50% in price.

Oil brand WTI is trading at $ 74.10, a decline of about -0.05% in price.

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Dani Levitan