Oil now

On Friday, oil quotations remain at the level of the opening day, after a decline in data on the growth of petroleum products in the US. So, the latest EIA report showed a significant reduction in oil inventories in the US, but at the same time demonstrated a significant increase in distillates and gasoline. This in the long term indicates a significant increase in the supply of oil products and, as a result, a reduction in demand for oil.

The oil of the main brands keeps a restrained movement on the market’s limited, remaining limited to a weekly decline.

Look Technical Analysis of Oil.

At the moment, Brent crude oil is trading around $ 76.50, an increase of about + 0.05% in price.

WTI oil is trading at $ 67.90, with an increase of about + 0.20% in price.

Read also: “Let’s trade with the indicators CCI and Stochastic”

Dani Levitan

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

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