WTIUSD

This week, two main factors stand out for oil prices: Wednesday's EIA Crude Oil Stocks and the Fed's decision that will shape global growth expectations. Prices are currently trying to hold above the pivot level of 62.347. A significant decline in stock data and the perception that the Fed's dovish steps will support economic activity could push WTI past the resistance of 63.408 to reach 64.676. However, an unexpected increase in stocks or rising recession concerns following the Fed's statements could trigger worries about oil demand, pulling prices towards the support levels of 61.079 and 60.018.