Oil now
Oil quotes traded restrained at the level of opening the day, after receiving significant support on data on the reduction of oil reserves in the US. Oil is also supported by a reduction in oil supplies from Iran and Venezuela, which contributes to optimism in the oil market.
Technically, oil growth is limited to overbought after growth, but a restrained move in flat unloads overbought. At the same time, the decrease in the US currency may serve as a driver for growth. On the other hand, the negative dynamics of European stock markets will limit the demand for risky assets.
Look Technical Analysis of Oil
At the moment, Brent crude oil is trading around $ 77.70, an increase of about + 0.30% in price.
Oil brand WTI is trading at $ 69.70, rising about + 0.30% in price.
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Dani Levitan
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