Oil now

On Friday, oil quotes continue to trade near the annual highs after the export of Iranian oil fell once again. It was due to a drop in demand for Iranian oil due to threats from the US. Thus, the US is seeking to advance Iran’s nuclear talks before the official introduction of sanctions against Iran, that will come into force on November 4.

Oil quotes, in turn, continue to trade near the highs, limited to psychological levels and the opportunities for restrained growth in supply, that is unlikely in this situation.

Look  Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 81.60, with an increase of about + 0.30% in price.

The WTI brand oil is trading at $ 72.10, with an increase of about + 0.00% in price.

 

Read also: “How has the economy of Great Britain changed after the announcement of Brexit and how it affected the pound”

Dani Levitan

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

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