On Tuesday Oil went up due to increasing frictions between the United States and Iran and on indications that OPEC will extend the withholding of supply this year.
Still, profits were reduced by anxieties that a lengthy China-U.S. trade conflict may begin global economic retardation. U.S. West Texas Intermediate (WTI) went up by 12 cents and reached the level of $63.20 per barrel. Brent crude futures went up 6 cents, to $72.02 per barrel.
Fed supports the Greenback
Daily Analysis - 21/05/2019