Oil Prices Extend Losses Amid Recession Fears, Trade Tariffs, and OPEC+ Supply Uncertainty

Additionally, OPEC+ looking to ramp up supply adds another layer of pressure, as increased production could lead to an oversupply situation, further weighing on prices.

Key levels to watch for WTI Crude Oil:

  • Resistance: $66.50, $67.00, $67.50
  • Support: $65.50, $65.00, $64.50

A break below $65 could trigger further downside momentum, while stability above $66.50 might support a rebound. Market participants will also be watching U.S. inventory data and any updates on trade negotiations for further direction.

Recent News

Dollar Index at critical level showing s...

February 19, 2025

Market Insights

Gold Surges to Record Highs as Investors...

April 19, 2025

Market Insights

Dow Jones Forms Ascending Triangle Near...

September 01, 2025

Market Insights

US30 Breakout Watch Bullish Flag Near Ke...

July 07, 2025

Market Insights

NASDAQ 100 Consolidates Above 24,040 Res...

September 15, 2025

Market Insights

DOW JONES sustaining on daily lower leve...

February 07, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window