WTIUSD

Oil prices have made a positive start following the American Petroleum Institute's announcement of a 4-million-barrel drop in inventories. Additionally, expectations of potential new sanctions on Russian and Iranian oil after Trump's inauguration are also exerting an upward influence on prices. Data from the U.S. Energy Information Administration and the course of European and U.S. stock markets may be closely monitored throughout the day.

Technically, when examining the WTIUSD chart, prices are seen hovering around the 74.00 level. In the daily timeframe, 74.00 and 73.50 levels stand out as significant support points, while upward movements highlight the resistance levels of 75.00 and 75.50. The RSI indicator is at the 54 level, showing a slightly positive outlook. Prices have increased by 0.81% compared to the previous day. Prices staying above the 74.00 level could be an important indicator for the continuation of upward movements.