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The oil market awaits the EU decision and the announcement of the weekly US crude oil inventories

In the crude oil market and the Brent oil index, there are speculations in the European Union to increase fuel sanctions against Russia, which have affected crude oil prices. If the sanctions have been confirmed, they could boost crude oil prices in the mid-term. In addition, today, the weekly US crude oil inventories will be announced, which could affect the short-term price trend.

Technically, the price in a triangular pattern fluctuates above the critical $ 100 level, and the reaction to the triangular pattern lines will be decisive. However, in the short term, the first possibility is a continuation of the uptrend.