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WTI Crude Oil Faces Key Support Test Amid Bearish Triangle Formation Resistance at $65, Support at $55 in Focus

CRUDE OIL was closed on Friday at weekly lower levels after testing the high level of $ 64.15 in the last weekly trading session as WTI crude oil futures slipped 0.2% to settle at $60.80 per barrel on Friday, capping a weekly loss of over 1% as trade tensions and supply concerns pressured prices. President Trump reignited fears by accusing China of violating a recent tariff truce, stoking uncertainty ahead of the weekend’s OPEC+ meeting.