WTIUSD

Oil prices have focused on the impact of the U.S. crude oil stock data to be announced today at 6:30 PM and the FOMC minutes in the evening on global growth expectations. A larger-than-expected decline in stocks could trigger supply concerns, thereby supporting prices, while signals of a tight monetary policy from the FOMC minutes could dampen the demand outlook due to economic slowdown concerns, putting pressure on prices. Therefore, a volatile and two-way session for oil can be expected.