WTIUSD

Crude oil contracts have exhibited limited increases due to uncertainties in supply-demand dynamics, despite potential easing in global liquidity conditions and a decline in the dollar index. For the commodity trying to hold above the 68.193 pivot level, the EIA Crude Oil Stocks report to be released on Wednesday is of critical importance. Following a stock increase of 7.698 million barrels in the previous week, the direction of this week's data will directly impact prices. From a technical analysis perspective, the 70.702-71.957 range functions as the main resistance zone, while the levels of 66.416-65.683 will be monitored as critical support points in downward movements. In the medium term, OPEC+ production policies, the outlook for global economic activity, and strategic reserve movements will continue to be determining factors in commodity pricing.