WTIUSD

Oil prices are following a fluctuating path, caught between increasing global slowdown concerns following Powell's speech yesterday on one side and crucial data to be announced today on the other. The ISM Services PMI data from the U.S. will provide significant insights into the future of economic activity and, consequently, oil demand. Simultaneously, the Crude Oil Stocks data to be released today by the Energy Information Administration (EIA) will shed light on the short-term supply-demand balance, causing volatility in prices.