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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.