WTIUSD

WTI crude oil price has the potential to test the resistance levels of 70.128, 69.329, and 68.208, but the main direction will indicate the 67.731 pivot. The U.S. crude oil inventories to be released on Wednesday and the news flow regarding demand from China will be decisive for the market. Recently, expectations of a decrease in U.S. inventories have supported energy prices, but recession concerns are still limiting price movements. The levels of 66.610, 66.133, and 65.384 stand out as critical support. While a recovery in the demand outlook supports the rise, a surprising increase in inventories raises the risk of a decline.