Oil now

On Friday trades, oil is trading with moderate growth, correcting after a decline. The reason for the strengthening of oil prices was the message of an increased demand from China, despite the fact that the United States refused to export oil to China as part of a trade war. Increased demand from China will have a positive impact on the entire oil market.

At the same time, the main brands of oil retreated from monthly lows and demonstrate attempts to grow, but are also limited by the downward trend and risks of the oil market, which in the future will continue to exert pressure.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 79.90, an increase of about + 0.80% in price.

WTI crude oil trades at $ 69.00, an increase of about + 0.50% in price.

Read also: “Correction is an integral part of price movement in the market and one of the main assistants to the trader”

Dani Leviant

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

Topical articles of the trader’s blog:

1. The US economy continues its growth, confirming the rates hike policy.
2. Prospects for recovery of emerging markets.
3. Trump presidency results (1/2).

Current Investment ideas:

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