WTI Crude Oil Pauses Near $57 After Sharp Weekly Decline
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Traders Union561 FollowersFollow5ShareSavePlay(6min)CommentsSummaryWTI stabilizes near $57.70 after sharp selloff but remains below key resistance levels.Geopolitical tensions support prices even as oversupply and demand fears persist.Technical structure points to consolidation rather than a sustained recovery. Torsten Asmus/iStock via Getty Images By Jainam Mehta WTI crude oil (CL1:COM) is attempting to regain its footing near $57.7 per barrel on Monday, stabilizing after last week’s sharp selloff rattled energy markets. The modest rebound has helped ease immediate downsideThis article was written byTraders Union561 FollowersFollowTraders Union is a leading financial portal dedicated to empowering traders and investors with essential information to maximize their success in the financial markets. Its mission is to create a trusted platform where users can easily access comprehensive details about the top brokerage firms offering the most favorable and seamless trading conditions. Founded in 2010, Traders Union was built on the idea of providing thorough and unbiased reviews of international forex brokers, along with high-quality content covering global trading and investment trends. Traders Union saves time and effort by making the process of selecting a reliable broker hassle-free. With the Traders Union Broker Rating, users have all the data needed to make well-informed decisions, eliminating the need for endless research and review reading.