Oil now
On Monday’s trading, major oil brands are trading restrainedly positive, receiving support from data on reduce oil reserves in the US. Also, the main brands of oil BRENT and WTI show mixed dynamics, which is caused by the growth of drilling activity in the United States. As a result, the WTI brand was under pressure of concerns about production growth. Also, general support for oil is maintained by optimism on the market and weakness of the US currency, which cheapens the cost of oil exports.
Look Technical Analysis of Oil.
At the moment, Brent crude is trading around $ 77.70, a decline of about + 0.70% in price.
WTI oil is trading at $ 73.90, a decline of about + 0.20% in price.
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