WTI oil moved lower as traders focused on U.S. – Iran nuclear talks.
WTI oil is losing ground as U.S. and Iran resume negotiations about Iran’s nuclear program.
In case WTI oil settles below the support at $66.00 – $66.50, it will head towards the next support level at $62.00 – $62.50.
Brent oil pulled back below the $69.00 level.
Brent oil pulled back as geopolitical risk premium declined. Currently, Brent oil is heading towards the support at $67.50 – $68.00.
A move below the $67.50 level will push Brent oil towards the next support at $63.50 – $64.00.
