Recent market signs indicate that oil prices may decline. From a supply perspective, some OPEC+ producers have relaxed production cuts, increasing crude oil supply in the market. Additionally, U.S. crude oil inventories increased by 2.4 million barrels last week, and output further rose, making the oversupply of crude oil more evident. On the demand side, under the influence of U.S. tariff policies, global economic growth has slowed, and market expectations for crude oil demand are relatively pessimistic. Although geopolitical tensions in the Middle East have eased, reducing the risk of supply disruptions, this has also caused oil prices to lose a strong supporting factor.
USOIL Today's Trading Strategy:
USOIL SELL@62.0~62.5
SL:63
TP:61~60
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.