As of February 27, 2025, WTI Crude Oil (USOIL) is trading at approximately $72.15 per barrel, reflecting a 0.45% increase from the previous close.
Key support levels are identified at $71.80, $71.50, and $71.00, while resistance levels are at $72.50, $72.80, and $73.00. The pivot point stands at $72.00.
The U.S. Energy Information Administration (EIA) forecasts that Brent crude oil will average $74 per barrel in 2025, with a decline to $66 per barrel in 2026.
ENERGY INFORMATION ADMINISTRATION
Recent analyses suggest that crude oil prices are recovering, with potential gains if prices hold above $72.30.
ECONOMIES
The United States Oil Fund (USO), an exchange-traded fund that tracks the price of WTI Crude Oil, is currently priced at $75.28, with an intraday high of $75.66 and a low of $74.06
Key support levels are identified at $71.80, $71.50, and $71.00, while resistance levels are at $72.50, $72.80, and $73.00. The pivot point stands at $72.00.
The U.S. Energy Information Administration (EIA) forecasts that Brent crude oil will average $74 per barrel in 2025, with a decline to $66 per barrel in 2026.
ENERGY INFORMATION ADMINISTRATION
Recent analyses suggest that crude oil prices are recovering, with potential gains if prices hold above $72.30.
ECONOMIES
The United States Oil Fund (USO), an exchange-traded fund that tracks the price of WTI Crude Oil, is currently priced at $75.28, with an intraday high of $75.66 and a low of $74.06
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