WTI Crude Oil Technical & Fundamental Analysis: Supply Glut Concerns Test Key Support Levels
WTI Crude Oil prices have shown a volatile downward trend over the past three trading days, closing at $56.50 on December 15, down from $57.42 on December 14. The market mood was heavily influenced by recent news highlighting concerns over weakening global energy demand, especially from China, which has heightened fears of an oversupplied market and pushed prices lower. Geopolitical tensions and U.S.-Venezuelan supply disruptions provided some support but were insufficient to reverse the bearish












