Today, On July 19th, oil prices around the globe continued growing on lower oil inventories in the USA.
At noon (GMT), the WTI crude futures contract appreciated by $0.92/b. The Brent futures contract for September delivery increased in price by $1.25/b up to $106.41/b.
According to the Commodity Trading Department of , oil continues its mid-term rally after breaking above a major level of resistance - $89.84/b. the next target is $93.88/b. A trend reversal will become after the price breaks and consolidates below the MF pivot (ash shown below):
