Description
WTI and Brent crude oil prices are under pressure despite falling U.S. crude inventories and an OPEC+ decision to maintain December production requirements. Rising gasoline stocks and stronger U.S. production add uncertainty to the oil market outlook.
This crude oil forecast examines potential dip-buying opportunities, with WTI expected to attract buyers between current levels and $95, while Brent approaches support near its 50-day EMA. Wednesday's EIA petroleum report could help determine whether the market stabilizes or selling pressure continues.
For the full article:
https://www.fxempire.com/forecasts/article/wti-and-brent-inventory-draws-meet-an-unchanged-opec-policy-1641979/
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