Oil now

On Wednesday, oil quotes remain under pressure amid rising risks associated with the possibility of introducing new US duties on China and data that the US intends to review sanctions against Iran. So, the evidence that the US is ready to ease sanctions against Iran has had considerable pressure on oil. Particularly under pressure was the Brent crude oil brand, which previously grew on data to reduce Iran’s exports. The WTI brand, in turn, is less prone to decline due to the reduction in oil reserves in the US according to the API.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 77.20, a decline of about -2.10% in price.

WTI oil is trading at $ 73.60, a decline of about -0.70% in price.

Read also: “Black Swan on FOREX – Keep Afloat”

Dani Levitan

 

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