Oil now

Oil has been optimistic since the start of the week due to the expectation of the November sanctions against Iran. Also, a restrained positive dynamics is maintained in the oil market, which is conditioned by technical factors. In the short term, oil quotes have switched to the expectation of data on US oil inventories from the API and EIA, which will come out today and tomorrow, respectively.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 77.70, up about + 0.40% in price.

WTI oil is trading at $ 67.70, rising about + 0.20% in price.

Read also: “Multifactor analysis: INTRODUCTION”

Dani Levitan

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

Topical articles of the trader’s blog:

1. How long will last the US trade war against all?!
2. Swedish Krona. Features of trading Scandinavian currencies
3. Norwegian Krone. Features of trading Scandinavian currencies

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!