Oil gains on supply concerns, investors await July output decision

Oil prices gained on supply concerns as OPEC+ agreed to leave their output policy unchanged and as the U.S. barred Chevron from exporting Venezuelan crude. Investors previously anticipated members of OPEC+ would agree to a production increase later this week.

The Oil-Dollar pair gained 0.6% in the last session after rising as much as 1.3% during the session. The Stochastic indicator is giving a positive signal.
Support: 58.912 | Resistance: 63.862