Crude oil prices showed a minor sell-off on the US economic slowdown and tariff concerns. It hit a low of $67.19 at the time of writing and currently trading around $67.28.
For the week ended March 7, 2025, U.S. crude oil inventories rose by 1.448 million barrels to 435.2 million barrels, approximately 5% lower than the five-year average. Cushing, Oklahoma, crude stocks fell, while refinery inputs rose to 15.7 million barrels per day at 86.5% capacity. U.S. imports of crude oil averaged 5.5 million b/d, and the less-than-anticipated inventory build can be positive for crude oil prices, depending on world market conditions. The EIA is projecting tightening global oil markets through mid-2025 with lower output in Iran and Venezuela
Price Resistance and Support Levels
The near-term resistance is around $68; any breach above this level could push prices higher to $69.10/$70/$70.60/$71.26/$72.11/$72.85/$73.06/$74.32/$75. On the downside, immediate support is at $67.20 violation below targets of $66/$65.50/$65.25.
It is good to sell on rallies around $69.25-30 with a stop-loss around $70.60 and a target price of $66.


Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K
U.S. Black Friday Online Spending Surges to $8.6 Billion, Boosted by Mobile Shoppers
Bitcoin Smashes $93K as Institutions Pile In – $100K Next?
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 



