Oil now

Oil on Thursday is trading restrainedly positive after yesterday’s decline on data on oil inventories growth  in the US. In addition to  US data, that  confirm the growth in supply in the oil market, oil quotations remain under pressure from the risks associated with the  new US duties against China, which have collapsed stock markets and increased pressure on risky assets.

Technically, the cost of oil is limited by the July lows, which are the main support in the emerging downward dynamics.

Look  Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 74.20, an increase of about + 0.10% in price.

WTI oil is trading at $ 68.70, rising about + 0.00% in price.

Read also: “How has the economy of Great Britain changed after the announcement of Brexit and how it affected the pound”

Dani Levitan

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
2. Stock indices: the Japanese market
3. Emerging markets and their prospects: Turkish lira (TRY)

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!