WTIUSD

Crude oil inventories in the US increased by 7.3 million barrels in the week ending April 26. The sharpest weekly increase since February highlighted concerns about weak demand, putting pressure on oil futures. In the Asian session, a very small portion of these losses were recovered. Speculation that progress had been made in the hostage swap talks between Israel and Hamas in recent days had also put pressure on them. The course of European and US stock markets can be followed during the day. On the WTI side, a downward trend parallel to Brent oil prevails. WTI oil saw a high of 81.25 and a low of 78.57 on the previous trading day. In intraday upward movements, the 79.57 level can be followed. If this level is exceeded, the resistances of 80.57, 82.25 and 83.25 may become important. In possible pullbacks, 77.89, 76.89 and 75.21 will be monitored as support levels. Support: 80.57 – 82.25 Resistance: 77.89 – 76.89