On Tuesday, WTI crude futures dipped below $73 per barrel, marking their fifth consecutive session of decline and reaching the lowest level in four months.
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On Wednesday, WTI crude futures maintained levels above $80 per barrel, coming close to their highest points in four weeks.
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WTI crude futures remained steady at $78 per barrel on Thursday, nearing levels not witnessed since March 12, amidst apprehensions regarding demand and rising US stockpiles.
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On Tuesday, WTI crude futures slid to approximately $78 per barrel, extending losses from the previous session.
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WTI crude futures climbed above $79 per barrel on Thursday, continuing their upward trajectory from the previous session, fueled by a more substantial than anticipated decrease in weekly US crude inventories, which supported oil prices.
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On Tuesday, oil prices remained relatively unchanged or slightly lower, with WTI crude futures trading under $79 per barrel, largely due to concerns stemming from the latest OPEC monthly report.
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After approaching the 68 support level, WTI continues to climb from oversold territory, indicating a possible reversal.
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WTI price action continues to signal a potential reversal, pending the outcome of today's OPEC+ meeting.
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