WTIUSD

The focus is on the US crude oil stock data to be announced on April 16. The expectation that China's GDP growth will slow from 5.4% to 5.2% may raise global demand concerns and put pressure on oil prices. However, geopolitical tensions in the Middle East and potential supply disruptions are supporting prices. If US retail sales indicate strong economic activity, oil demand expectations may improve. Technically, WTI is trading between the resistance level of $62.45 and the support level of $60.38. With the markets closed on April 18, liquidity may be low and volatility high.