US Crude Oil prices face downward pressure, retreating from recent one-month highs to trade below $97.50 as the market corrects following a strong session.
WTI crude oil is experiencing a short-term pullback as it retreats from the $99.25-$99.30 range, which marked a one-month high reached during the previous session. The price has slipped below the $97.50 level, suggesting that the recent bullish momentum is facing profit-taking or resistance at these elevated levels.
WTI reached a one-month high in the $99.25-$99.30 region on Friday.
The asset is showing short-term bearish momentum as it retreats from recent highs and slides below the $97.50 mark.
West Texas Intermediate (WTI) retreats from a one-month high of $99.30, shedding gains to trade below the $97.50 level. The pullback marks a short-term bearish shift as traders consolidate positions following Friday's strong performance.
WTI is experiencing a short-term bearish correction, retreating from a one-month high of $99.30 to trade below $97.50.