Oil now

Oil remains at the level of opening the day at the trading on Wednesday. The restraint of the oil market is due to the significant overbought of oil while waiting for a reduction in supply amid sanctions against Iran. But in addition to optimism about the cost of oil, oil quotes reached significant resistance near annual highs. As a result, oil has formed a certain ceiling, on which significant levels of resistance have been placed, which will force oil to trade in a weekly range while maintaining the existing situation.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 84.80, a decrease of about -0.00% in price.

WTI crude oil trades at $ 75.30, an increase of about + 0.40% in price.

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Dani Leviant

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

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