WTI Oil WTI Oil 241123 Daily Chart WTI oil was mostly flat amid reports that OPEC+ was close to a compromise with African producers who wanted to inc
WTI Oil
WTI oil was mostly flat amid reports that OPEC+ was close to a compromise with African producers who wanted to increase their quotas.
WTI oil needs to settle above the $77.50 level to have a chance to gain sustainable momentum. If WTI oil climbs above $77.50, it will head towards the resistance at $82.50 – $83.50.
Brent Oil
Brent oil is swinging between gains and losses as traders wait for more news from OPEC+. The temporary truce between Israel and Hamas served as a negative catalyst for oil markets, but it remains to be seen whether Middle East tensions will decrease in the near term.
Brent oil has recently made an attempt to settle above the resistance at $81.75 but failed to develop sufficient momentum. Most likely, it will not be able to gain additional upside momentum ahead of the weekend.
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