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

US Tech 100 Near Resistance Pennant Form...

June 04, 2025

Market Insights

Gold rises toward $2,700, hits two-week...

November 22, 2024

Market Insights

NASDAQ 100 US Tech 100 Holds Near Suppor...

March 06, 2025

Market Insights

US CPI

December 11, 2024

Market Insights

Dow Jones Forms Double-Top Pattern, Risk...

October 01, 2025

Market Insights

US Tech 100 (USTECH100) Forms Bullish We...

July 09, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window