Earlier we wrote that it is too early to talk about the end of the local downtrend in the oil market. oil market is too early to talk about the end of the local downtrend. At the moment, oil prices are declining in Asia on Monday, continuing the trend that began last week, amid the expectations of restoration of exports from Kurdish oil fields. Both contracts were down more than $2 on Friday, leading to a weekly 0.4% drop for Brent and 0.5% for WTI. However, the market is now potentially facing renewed buying activity in the $70 area. buyers in the $70 area, and if the decline continues, a significant support zone awaits under the $68 level. a significant support zone awaits the market.