Oil now

On Thursday, oil quotations remain under pressure of yesterday’s growth on data on the reduction of the US oil inventories and data that India will continue to import oil from Iran. So, the data that Iran is in no hurry to reduce purchases of Iranian oil increased pressure on oil quotes.

As a result, the downward dynamics continues to be traced in the oil market. If such sentiments continue, the oil market may face a new wave of oil decline on Iran’s supply growth.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 79.00, a decline of about-0.80% in price.

Oil brand WTI is trading at $ 69.30, a decline of about -1.50% in price.

Read also: “Australia: the state of the economy and prospects for raising the interest rate of the RBA”

Dani Levitan

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

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