Yesterday, oil prices were bearish because of investors’ concerns over the global economic situation.
The WTI crude futures contract for October delivery (NYMEX) appreciated by 0,06% up to $95,3/b. The Brent crude futures contract for October delivery (ICE, London) dropped 0,95% down to $113,09/b.
Today, WTI oil has gained 0,71%, thereby reaching $96,04/b. Brent oil has appreciated by 0,48% up to $113,63/b.
The chart below, courtesy of , reflects the current state of affairs in the market of WTI oil. The key level of resistance is $97,40/b. The key level of support is $93,90/b.
