EURRUB hits multiyear high at 93.69 levels and currently trading around 91.98 levels. Futures for WTI dropped 0.71% to trade at $28.15 per barrel, while Brent futures lost 0.82% to $27.65 per barrel. Prices of oil moved …
EURRUB hits multiyear high at 93.69 levels and currently trading around 91.98 levels.
Futures for WTI dropped 0.71% to trade at $28.15 per barrel, while Brent futures lost 0.82% to $27.65 per barrel.
Prices of oil moved in the red zone on Thursday, with traders still nervous ahead of the official crude inventory report that may show another build in US reserves.
As for Iran, the country is expected to fully enter the oil market after economic sanctions were removed.
Later today, ECB monetary policy will be in focus, which gives further direction to the parity.
Major resistance level is seen at 94.35 levels and minor support falls at 91.62 levels.
