WTIUSD

WTI crude oil is trading around $69 and continues to maintain a decline of more than 1% from the previous session. The U.S. employment data and PMI figures to be released today may have an impact on oil prices. Weak data could raise concerns about a global economic slowdown, creating pressure on the demand side. Resistance levels to watch above are 72.423 and 73.448, while critical support levels below are 70.373 and 69.763. Oil prices, which have lost 13.18% in the past year, continue to show negative performance on a weekly basis. Price volatility may increase following today's data.