WTIUSD

Crude oil prices stabilized after the inflation data released in the U.S. yesterday. Today's Producer Price Index (PPI) data and weekly crude oil inventories will determine the market's search for direction. A higher-than-expected increase in inventories could create downward pressure on prices. Technical levels: 64.199 – 64.817 – 65.434 support; 66.869 pivot; 67.387 – 67.904 – 68.522 resistance. A cautious stance is prominent in the short term against potential volatility.