WTIUSD

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WTIUSD

Weekly oil and natural gas stock data from the US and news regarding global demand will be decisive for oil prices. Additionally, the FOMC Minutes to be released in the US (May 7) may provide clues about energy demand. Possible economic growth and trade news from China should also be closely monitored. On the OPEC+ side, no significant meetings are anticipated for the time being. As mentioned earlier from a technical perspective, it is expected that selling pressure may continue.

Support :

56.304 54.962 53.921

Resistance :

60.170 59.128 58.387