WTIUSD

Despite OPEC+ delaying its production increase decision by two months, oil prices remain under pressure due to concerns over a supply glut. Slowing economies in major countries like the U.S. and China are weakening demand prospects. Today's U.S. jobs data and global growth expectations may continue to weigh on oil prices. On the 4-hour chart, WTI crude finds support at 68.5 and 68, while resistance is seen at 69.5 and 70. The RSI indicator is at 29.83, indicating oversold conditions. Oil is trading at 69.517, down by 0.26% from the previous day. Support:68.5 - 68 - 67.5 Resistance:69.5 - 70 - 70.5