WTI dropped below zero: what does it mean?
Big news shake financial markets more and more often. This time oil is once again the news maker.
Prices for oil rise
The price for WTI has risen to its highest levels since the beginning of May. Bulls are trying to keep it above the weekly pivot resistance at $63.07. The next resistance lies at $64.44. If bears take over the market, the will pull the price for crude to the support at $61.54.
Brent, in its turn, has been targeting the resistance at $73.4. The next resistance is placed at $74. If bearish pressure increases, the first support will be placed at $70.9.
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