Forecasts & Analysis | WTI Crude Oil

Brent and WTI crude rebound, OPEC+ cuts, China’s demand, and inventory rise hint at an uncertain, bearish oil market trend.

After an explosive rally that catapulted Gold to a new all-time record high of $2,152 an ounce – prices have pulled back as trader’s bank windfall profits and get ready to capitalize on the precious metals next big move.

Oil traders stay focused on the weakness of oil demand.

Crude oil markets broke down rather significantly during the trading session on Wednesday, as we are now through major support.

Oil prices, affected by OPEC+ decisions and China’s economic outlook, lead to a decrease in Brent crude and WTI, impacting the global oil market.

Oil prices decline amid stronger U.S. dollar with OPEC+ voluntary output cuts, China demand concerns and rising U.S. inventories contributing.

Natural gas is trying to rebound from multi-month lows as traders focus on the bullish changes in weather forecasts.

Crude oil markets initially fell during the trading session on Tuesday, but found support at the very bottom of the recent consolidation area.

Despite OPEC+’s production cuts, oil prices reflect demand concerns and market skepticism.

Oil prices test new lows as traders worry that voluntary OPEC+ production cuts would not be fully implemented.