WTIUSD

Crude Oil is trying to hold above the pivot level of 70.373. High interest rates in the US may suppress economic activity, raising concerns about oil demand. Critical support levels are at 69.763, 68.328, and 67.298. Particularly, a break below the 69.763 support could increase selling pressure. OPEC+ decisions and inventory data should be closely monitored. The Fed's cautious stance could create downward pressure on oil prices by raising concerns about economic growth.