Oil now

Oil quotes are traded with insignificant growth, remaining at the opening day. The reason for the restrained dynamics of oil remains its recent rise to annual highs and general market restraint on the expectations of the US Federal Reserve meeting results. At the same time, oil remains near the annual highs, receiving support from the expectation of a reduction in supply in the oil market due to sanctions against Iran and maintaining a downward trend in the reduction of oil inventories in the US.

As a result, oil continues to maintain an upward trend, limited to overbought, but continues to bargain in an uptrend.

Look Technical Analysis of Oil.

At the moment, Brent crude oil is trading around $ 81.20, an increase of about -0.10% in price.

Oil brand WTI is trading at $ 72.20, an increase of about -0.10% in price.

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Dani Levitan

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

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