Oil now
With the opening of trading on Tuesday, the major brands of oil are traded with a decrease in maintaining political risks around the disappearance of a journalist at the Saudi Embassy in Turkey. It triggered a wave of risks around the promises of Saudi Arabia to increase the volume of oil produced in the framework of the renewal of supply, that declined due to sanctions against Iran.
General dynamics of oil remains trapped in a sideways trend after a long period of growth and is limited by increased risks that increase pressure on the oil market, thereby creating a balance between the reduction in the expectation of sanctions against Iran and the risks of canceling production growth in Saudi Arabia.
Look Technical Analysis of Oil.
At the moment, Brent crude is trading at around $ 80.20, an increase of about -0.80% in price.
WTI crude oil trades at $ 71.10, an increase of about -0.90% in price.
Read also: “Scalping – Disadvantages and Advantages”
Dani Leviant
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Trump presidency results (1/2).
- Trump presidency results (1/1).
- Trading with shares. Advantages and disadvantages.
Current Investment ideas: