Brent oil tested support at $62.00 – $62.50.
Brent oil tests support at $62.00 – $62.50 as traders worry that OPEC+ may raise production in July by more than 411,000 bpd.
A move below the support at $62.00 will push Brent oil towards the next support level at $58.50 – $59.00.
WTI oil is swinging between gains and losses as traders prepare for OPEC+ decision on the group’s production plans, which will be made on Saturday.
The technical picture remains unchanged as WTI oil did not manage to settle below the $60.00 level.
