WTIUSD

Crude oil prices have fallen to their lowest levels in the last four years, testing below the $59 per barrel mark following Trump's tariffs and OPEC+'s decision to increase production. Global trade tensions and recession concerns have lowered forecasts for oil demand, while OPEC+'s decision to increase production starting in May has raised concerns about excess supply. This situation may lead U.S. shale oil producers to cut back on their production, as the $60 per barrel level is below the profit threshold for some companies. Technically, it is anticipated that if WTI breaks the $58 support, it could decline to $55 per barrel, but if trade tensions ease, it might recover towards the $65 per barrel level.