WTIUSD

WTI oil prices are significantly affected by global economic growth expectations and, consequently, the demand outlook. Data from the U.S. provides signals regarding the economic activity of the world's largest oil consumer, the U.S., influencing prices, while OPEC+ decisions and crude oil stock data are also closely monitored on the supply side. Trading just above the pivot level of 60.957, WTI may experience a pullback towards the support levels of 59.874 (S1), 59.238 (S2), and 58.378 (S3) in the event of rising demand concerns or a strengthening dollar. Positive demand expectations or supply constraints could push prices towards the resistance levels of 61.593 (D1), 62.676 (D2), and 63.535 (D3).