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.