BRNUSD

Oil futures continue to be under pressure due to developments related to Trump and OPEC+. After yesterday's correction, selling has come to the forefront again. The plans of OPEC+ to increase production starting in April and news that the U.S. may ease sanctions on Russia are being closely monitored in the markets. Additionally, uncertainties surrounding Trump’s tariffs are also significant factors affecting oil prices. The American Petroleum Institute's report of a 1.45 million barrel decrease in stocks did not change the situation.

If prices remain below the 71.00 – 71.50 resistance, a downward outlook may prevail; potential declines at these levels could target 70.00 and 69.50. In the event of recoveries, breaking the 71.00 – 71.50 resistance could raise the potential for new declines. For the continuation of the upward momentum, closes above 71.50 are critically important.