WTIUSD

Crude oil futures are rising due to the United States' pressures on Iran's oil exports and increasing geopolitical risk factors. Additionally, plans by some OPEC+ members to cut production in order to compensate for violations of production quotas support the price increase. The movements of European and US stock markets during the day should also be closely monitored.

As long as prices stay above the 67.50 - 68.00 support levels, an upward outlook may prevail. If prices rise, levels of 69.00 and 69.50 could be targeted. However, maintaining the 67.50 - 68.00 support levels is crucial for the emergence of new upward potential in the case of possible declines. To sustain the downward pressure, movements below 67.50 and hourly closures will need to be observed, which could bring the 67.00 level into focus.