WTIUSD

WTI crude oil prices remain under pressure despite rising geopolitical risks due to U.S. inventory data releases. Ukraine's missile attacks on Russia and Russia's threat of using nuclear weapons increase the uncertainty in oil prices. However, the U.S. Energy Information Administration's announcement of a 500,000-barrel increase in stocks raises concerns about oversupply, pulling prices down. In this scenario, developments in European and U.S. stock markets may be expected to affect oil prices.

According to chart data, WTI oil is trading in the 68.50 - 69.00 support zone. In upward movements, the levels of 69.50 and 70.00 are monitored as resistance, and if these levels are exceeded, the 70.50 level can be targeted. In case of possible declines, hourly closings below the level of 68.50 may bring up support levels of 68.00 and 67.50. The RSI indicator is at the level of 40, exhibiting a negative outlook. There is a 0.40% decrease compared to the previous day.