WTIUSD

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WTIUSD

Crude oil stocks, which were announced on Wednesday and showed a much larger decline than expected, supported oil prices by reinforcing supply concerns. However, the strong Dollar theme is limiting the increases. Prices are seeking balance around the pivot level of 75.377. If stability is maintained above this level, it could target the resistance at 76.771, while falling below it may test the support at 73.676.

Support :

72.282 - 70.734 - 69.187

Resistance :

76.771 - 75.377 - 73.676