Oil now

Oil quotes opened Friday trading with a moderate decline after the collapse in trading on Thursday. Data on the growth of supply from the main oil producers: the United States, Saudi Arabia and Russia, which account for a third of the world oil market, is the reason for the decline in oil prices. Thus, according to various estimates, the growth of world oil production over the past month amounted to about 1 million barrels per day. At the same time, growth in production is traced in most oil-producing countries, which ultimately indicates the possibility of a prolonged reduction in the cost of oil.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 73.20, an increase of about + 0.40% in price.

WTI crude oil trades at $ 63.70, an increase of about + 0.10% in price.

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Dani Leviant

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