Oil now

On Tuesday, the oil market is traded with a decrease in maintaining concerns about the growth of supply and the growth of oil reserves in the United States. The reason for the increase in supply, in addition to the general increase in oil production in the world, is the expectation of continued growth in oil reserves in the United States. The API data on oil inventories will be released today, and the EIA report tomorrow.

Also, pressure on oil was resumed by negative sentiment caused by the negative closing of trading on Wall Street. Also of concern is the possibility of introducing new tariffs on Chinese goods in the United States. As a result, the market may return to general negative sentiment.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 76.70, a decrease of about -0.80% in price.

WTI crude oil trades at $ 66.50, a decrease of about -0.70% 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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