WTI crude oil futures fell toward $73 per barrel on Monday, extending the previous session's over 3% decline, as OPEC’s plan to increase production next quarter weighed on the market. The increase, starting in October, will see eight OPEC+ members raise output by 180,000 bpd, partially reversing recent 2.2 million bpd cuts while maintaining other reductions until late 2025. LEVEL’S Current Price: $73 Bearish Scenario: If CRUDE Falls Below $72.50 Potential Support Levels: * $72 * $71.50 *$71 Bullish Scenario: If CRUDE Sustains Above $73.50 Potential Targets: * $74 * $74.50 * $75
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