Oil now

Oil quotations on Friday are trading at the opening day, remaining under pressure after yesterday’s decline, which was caused by concerns over emerging markets and data that India is not going to abandon Iranian oil. As a result, the oil market was in uncertainty, related to the risks of supply growth and a decrease in demand.

The main oil brands are traded near recent lows in flat, thereby adjusting after growth. At the same time, the general upward trend for oil remains in force.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 78.30, an increase of about + 0.10% in price.

WTI oil is trading at $ 68.90, with an increase of about + 0.40% in price.

 

Read also: “Medium-term prospects for the US dollar for August-September”

Dani Levitan

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