WTIUSD

The crude oil stocks, which were announced yesterday and showed a decline far exceeding expectations, had pushed WTI prices up. Today, however, the focus will be on the PPI and unemployment data, which will indicate the health of the U.S. economy. Weak data could support economic activity by increasing the likelihood of a Fed rate cut, while also raising concerns about demand. If the market continues to price in the "soft landing" scenario, it could sustain above the 67.833 pivot level and test the 70.619 (Resistance 1) target. Increasing recession fears, on the other hand, could pull prices back to the 66.851 (Support 1) level.