WTIUSD

In the meeting held yesterday, 8 OPEC+ member countries (Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, Oman) approved an increase of 411,000 barrels of oil production per day in May. The increase has been expanded to cover a two-month period in addition to the May plan. Following the decision to reconvene on May 5 for the June production quota, selling pressure on oil prices continued. Based on these decisions, it is deemed appropriate to carry out transactions taking into account intraday resistance levels in price movements where increases are expected to remain limited.