WTI CRUDE OIL REMAINS NEAR $72.00, 100-DAY SMA CRUCIAL FOR BULLISH MOVE

WTI CRUDE OIL REMAINS NEAR $72.00, 100-DAY SMA CRUCIAL FOR BULLISH MOVE
WTI CRUDE OIL REMAINS NEAR $72.00, 100-DAY SMA CRUCIAL FOR BULLISH MOVE

WTI CRUDE OIL REMAINS NEAR $72.00, 100-DAY SMA CRUCIAL FOR BULLISH MOVE

WTI Crude Oil prices remain near $72.00, close to a one-month low.

The price decline continues for the second consecutive day after a retracement from a one-week high.

President Trump's decision to delay tariffs on Canada and Mexico eases concerns over supply disruptions.

OPEC+ stays committed to gradually phasing out production cuts, providing some support to prices.

Lower fuel demand expectations, driven by potential global economic slowdown, add downward pressure.

The 100-day Simple Moving Average (SMA) is a key support level for bulls to watch.