WTIUSD

WTI crude oil prices started to rise following increased tensions between Israel and Lebanon. The rise in oil prices, driven by Israel's attacks on Lebanon, is drawing attention amidst the cautious trend in global markets. The report by the U.S. Energy Information Administration on stock increases has lost its impact. The trend in European and U.S. stock markets could support the upward movement of oil prices. Current geopolitical developments and stock performance may keep prices above the 70.50 – 71.00 support level.

Technically, WTI crude oil prices are trading at the 72.00 level on the daily chart and are exhibiting an upward trend. In upward movements, the resistance levels of 72.50 and 73.00 can be monitored. In potential downward movements, the levels of 71.50, 71.00, and 70.50 stand out as support. The RSI indicator is at level 58 and shows a slightly positive outlook. Compared to yesterday's closing, prices have seen a decline of 0.07%. As long as prices do not fall below the 70.50 level, the upward potential can be maintained.