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WTI Crude Oil Poised for a Bullish Rebound Holding Strong at Key Support $61 Eyeing Resistance Levels at $64.69 and $72.27

CRUDE OIL was closed on Friday at choppy on weekly levels and turmoil between 60 to 65 range as WTI crude oil futures rose 0.5% to settle at $61.50 per barrel on Friday, but still recorded their first weekly loss in three weeks, pressured by expectations of another OPEC+ production increase. The group is expected to add 411,000 barrels per day in July, with discussions next week likely confirming the move. Market sentiment was further weighed down by reports suggesting OPEC+ may unwind the remainder of its 2.2 million bpd voluntary cuts by October.