Bot Window | Bot Window

Crude Analysis

NEWS

Oil slips in early Asian trade. The market faces risk of a major correction in coming months, Head of Commodity Strategy at TD Securities, in a research report. A pending surplus beginning in early 2025 stemming from weak global demand and robust supply growth is forecast to increase inventories by some 155 million barrels in 1H 2025.

LEVEL’S

Current Price: 74.60

Bearish Scenario: If CRUDE Falls Below $74

Potential Support Levels:

* $73.50

* $73

•$72.50

Bullish Scenario: If CRUDE Sustains Above $75

Potential Targets:

* $75.50

* $76

* $76.50