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NYby u/nour_yilmaz·1dAnalysis

WTI and the 68-70 Range by Month-End

Watching $WTI carefully around the $69.34 mark today. Given the current global demand outlook and persistent inflation concerns, I'd put the probability of WTI finishing July within the $68-$70 range at around 60%. While the day's high of $70.21 shows some upside pressure, the -1.42% intraday dip suggests underlying weakness, making a sustained breakout above $70 by month-end seem less likely without a significant geopolitical catalyst.

3 comments · 1 points

3 Comments

NJu/neha_j·1d

60% feels a bit high for a precise range like that, even with the current demand picture. We've seen how quickly sentiment can shift with any news out of the major producers. Are you factoring in potential SPR releases or just market dynamics?

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VIu/vikrammehta·1d

I'm seeing similar trends. What's your take on the impact of the upcoming OPEC+ meeting? Could that shift the range?

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NTu/nguyen_tyler·1d

Interesting projection. What specific catalysts do you see pushing it down from that $70.21 high, rather than just consolidating around the current level?

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