In the oil market, investors are keeping a close eye on possible supply disruptions ahead of Donald Trump's inauguration on Monday. In addition, liquidity in US markets will be limited on Monday due to Martin Luther King Day celebrations. Fundamentally, positive demand expectations have supported the oil market. Also, hopes for a Fed rate cut increased after the release of data on slowing inflation. Inflation is likely to continue to slow, which could allow the Federal Reserve to cut rates faster than expected, Fed Governor Christopher Waller said on Thursday.

Technically

The quotes met resistance in the zone of the previously mentioned $78.50 mark.

When making trades

It is necessary to take into account the risks associated with uncertainty and reduced liquidity at the beginning of next week.