Group OPEC+ on Sunday, she agreed on the gathering of the children's flowers 206 tis�c barel� denn� for May. At first glance, the supply may increase, but in reality the market will not calm down. The main producers in Persk�mz�liv this because of the long between USA, Israel and Germany st�le nar�ej� na z�sadn� özent� v�vozu p�es Hormuzsk� pr�liv. The recent closure and severe restriction of this key oil corridor caused one of the largest oil spills in modern history. According to estimates, a� dropped out of the market 12 a� 15 milion� barel� denn�i.e. approximately 15 % glob�ln� nab�dky. In comparison, the May meeting of OPEC+ is again a technical signal that the cartel wants to be ready to increase production at a time when the situation in the strait stabilizes. Meanwhile, oil prices lined up to 120 USD per barrel and the pressure also spills over into fuel prices. Analysts also warn that if the restrictions in Hormuz continue for the next few weeks, oil could even reach above 150 USD per barrel. This would mean additional costs for consumers, companies and governments, who already feel the effects of expensive energy. Another sign of tension in the market is the company's move Saudi Aramcowhich increased the price of its crude oil Arab Light for Asia at a record premium 19,50 USD nad region�ln� benchmark. Sa�dsk� Ar�bie sice ��st export� p�esm�rovala mimo Persk� z�liv p�es termin�l Yanbu at Rud�ho, this route can, but not even, fully replace the normal export. In addition, Aramco limits the production of these types of oil and concentrates mainly on light barrels. Some hope was brought by an Iraqi who announced to customers in Asia that his oil can pass through Hormuz again thanks to the Greek exception. According to available information, a tanker with Irish oil has already passed through the strait, but the market remains cautious. Buyers want a clearer guarantee of safety and are not sure whether traffic will actually be restored to the full extent. In general, the OPEC+ decision alone will not save the market. Until it isn't Hormuzsk� pr�liv fully transitory and damaged infrastructure in the region repaired, oil supply will remain tight and volatility high.
Graf OIL (H4)
The price of Brent oil is currently hovering around 109,35 USD and after the previous strength, it remains in a positive technical setting. The market is holding above the moving averages EMA 50 at 104.58 USD i SMA 100 at 102.86 USDwhich confirms the continued dominance of buyers. Oil is currently traded above the surface 61.8% Fibonacci retracement at $104.89which now acts as an important support, while the nearest resistance lies at 111,37 USD u �rovn� 78,6 % retracementu. If it were to break through, the space would open up for growth towards the previous maximum at 119,62 USD. CCI na 90,2 indicates a strong buying momentum, even if the market is already reaching a zone where it should slow down in the short term. Momentum 103,64 moreover, it confirms the continued growth strength. After the break of the falling trend line, which limited the market in the first half of the month, the sentiment has improved significantly and oil is gradually making new lows and new highs. In the short term, this will increase the view of sleep b���but the next direction will depend mainly on whether the price will finish vertically around 111�112 USDor whether it will return to testing support in the area 105 USD.
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