Oil now

At the start of the week, oil prices show growth after mixed trading on Friday. The reason for the rise in oil prices continues to be the expectation of sanctions against Iran and the gradual reduction of risks in the market. A more general dynamics of oil indicates a slowdown in global growth and the formation of a reserved lateral channel, which is limited to the peaks of last week.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 78.70, with an increase of about 0.80% in price.

WTI oil is trading at $ 69.40, rising about + 0.80% in price.

Read also: “Cross-rates trading strategies”

Dani Levitan

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