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WTI and Brent crude oil prices are little changed after US inventory data revealed record high exports. An upcoming Russian fuel ban by the EU is disrupting international flows and supply lines.
WTI oil is looking more and more bullish as it undergoes what looks like a bottoming and turning process; levels and lines to watch in the days ahead.
Crude oil prices are poised for a breakout as WTI contracts into a key pivot zone- the September rally hangs in the balance. Levels that matter on the technical charts.
WTI oil is pulling back into support after an extremely powerful thrust higher; this sets up the current decline as a potential pullback opportunity.
Oil prices plunged for a third-week but held above key technical support- threat remains for major price inflection. Levels that matter on the WTI weekly technical chart.