WTIUSD

Oil futures continue to show an upward trend amid supply concerns. Attacks on the pipeline in Russia and uncertainties regarding whether OPEC+ will increase production in April are among the main agenda items in the markets. Additionally, the observed increase of 4.6 million barrels in oil stocks is seen as a factor that limits the rise. Movements in European and US stock markets can be closely monitored throughout the day.

If prices remain above the 72.00 – 72.20 levels, it seems likely that an upward trend will continue. Potential targets in case of a rise could be the 73.00 and 73.50 levels. However, in the event of a decline, maintaining support at the 72.00 – 72.20 range could create a new opportunity for an increase. Attention should be paid to closing prices below 72.00 for the continuation of the downtrend; in that case, the 71.50 and 71.00 levels may come into focus.