- Optimism over the vaccine continues to drive oil, which has been at highs since early March.
- WTI reached as high as $ 45.65 before pulling back towards $ 45.00.
The Oil continues to be one of the most benefited from the current context in financial markets, although the rise has moderated in recent hours. WTI climbed to $ 45.65 hours ago, the highest level since early March before falling back to the $ 45.00 zone. It is trading at $ 45.10, in advance of the US data release and before the holidays.
The expectation of higher demand for oil next year continues to support oil. ANDl WTI rose more than $ 10 from the November floor and Brent hit $ 48.75, also the highest since March. The increases in almost all the variants of crude are located at around 30% in the current month.
The key is still the expectations of world demand, the mood of the markets and what happens to the dollar. These three factors have remained bullish for crude.
Throughout Wednesday several US economic reports will be published that include data on GDP for the third quarter, unemployment benefits, new home sales, oil rigs and the minutes of the last meeting of the Federal Reserve.
Technical levels
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