WTIUSD

WTI crude oil is currently trading at around $64.00 per barrel, significantly below the $72 level seen before tariff announcements. This decline is attributed to Trump's tariff policies announced in early April, which led to a 14% drop in crude oil prices between April 2 and April 7, OPEC+'s announcement on April 3 that some member countries will start planned production increases for July in May, and Goldman Sachs' prediction that crude oil will fall to $58.00 by December 2025. It is anticipated that for crude oil, which is expected to have limited upward movements from a fundamental and technical perspective, assessing long positions could be risky.