Oil news

[MARKET UPDATE] Early pressure seen in crude futures with WTI declining by around 1% to test YSD 95.00/bbl to the downside, where it found some support

Newsquawk Staff ·

Early pressure seen in crude futures with WTI declining by around 1% to test YSD 95.00/bbl to the downside, where it found some support.

What it means

Crude futures are facing early pressure, with WTI slipping around 1% to test the key support level near $95.00 per barrel. This move suggests a potential retracement as the market reacts to underlying geopolitical factors and broader energy sentiment, testing critical support that may influence future price action.

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