WTIUSD

The most important data for crude oil prices this week will be the U.S. Energy Information Administration (EIA) Crude Oil Stocks, which will be announced tomorrow. WTI is currently trading below the pivot level of 62.258. A larger-than-expected decline in stocks could push prices towards the resistances of 63.302 and then 64.100. An increase in stocks or rising demand concerns could bring the supports of 61.460 and 60.416 into focus.