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During recent trading sessions, a new wave of buying momentum has continued to gain relevance around WTI crude oil price action. Over the last three trading sessions, the market has maintained a bullish streak and is now up more than 5.5%, highlighting significant buying pressure in the short term.
Over the last two trading sessions, WTI crude oil has once again displayed a notable bearish bias, with prices falling nearly 6%. Part of this renewed selling pressure has been driven by recent developments in the Middle East, which have helped temporarily ease the geopolitical tensions that had supported the oil risk premium in previous weeks.
Crude oil continues to face difficult trading sessions in the short term. Over the last 5 trading sessions on average, WTI remains down close to -3.5%, with consistent movements below the 70-dollar area. This continues to highlight a selling bias that has remained in place for several weeks.
Recent sessions have been challenging for WTI crude, which had shown strength just weeks ago. Over the last six trading sessions, the price has declined by more than 15%, not only falling below the $100 level, but also remaining below the key psychological level of $90 per barrel.
Recent sessions have been quite volatile for WTI crude prices, as the price has fallen sharply below the $100 level, which had held at the beginning of the trading week. Currently, WTI is trading slightly above $90 per barrel, marking a decline of more than 13% during the latest trading session.
During today’s session, WTI crude oil posted a decline of more than 2%, moving once again toward the most relevant short-term support level near $62 per barrel. The renewed selling pressure is partly driven by recent progress in negotiations between Iran and the United States, which reduces the immediate risk of disruptions to global oil supply.
With just one session left before the trading week ends, WTI crude has begun to show consistent short-term weakness, posting a decline of nearly 4.00% in the current session. Renewed selling pressure has regained relevance after recent reports pointed to a potential slowdown in global oil demand for 2026.
During the current trading session, WTI crude oil has posted a short-term decline of more than 3.0%. The selling pressure that has begun to gain traction is mainly driven by the de-escalation of risks surrounding a potential military intervention in Iran, which has reduced the market’s perception of a possible disruption to global crude supply.
A consistent neutral bias has begun to consolidate in WTI crude price action, as recurring announcements related to geopolitical tensions have increased uncertainty in the energy market over the short term. For now, average price fluctuations over the past four sessions have been limited to around 3%, a move that remains insufficient to define a clear directional trend.
As 2025 comes to an end, one of the most important lessons for the oil market is that the balance between supply and demand expectations continues to dominate the main oscillations in crude prices. Oil is on track to end the year with WTI below 60 dollars, levels not consistently seen since 2021.
Shortly after registering price swings around 60 dollars, WTI crude continues to show intraday variations below 0.15%, a significantly less volatile behavior compared to the daily average of the past two weeks, where movements frequently exceeded 1% per session. This shift reflects a neutral bias that has begun to consolidate in the short term.
WTI is pressed against critical support as momentum wanes and volatility builds. A breakout here could define the next major move. Battle lines drawn on the oil charts.
WTI is nearing a key support zone dating back to March 2021 in the $57 area amidst hopes of Russia-Ukraine peace deal and weak US data - what are the next levels to watch?
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