Brent oil moved above the $107.00 level as reports indicated that Saudi East-West pipeline will not work for several weeks after an attack. I’d note that oil prices pulled back from session highs after President Trump announced that Russia and Ukraine agreed not to attack energy facilities. Russia and Ukraine have not confirmed the existence of such a deal.

In case U.S. Dollar Index stays above the support level at 99.25 – 99.40, it will move towards the resistance level at 99.85 – 100.00. On the support side, a successful test of the support at 99.25 – 99.40 will open the way to the test of the next support, which is located in the 98.60 – 98.75 range.

EUR/USD Pulls Back As Oil Prices Rise