WTI Crude Oil Prices Fluctuate Amid Global Demands

Crude oil prices surged, with WTI reaching a high near $83 per barrel, driven by Middle East tensions, hot US weather boosting demand, and concerns of conflict escalation. Expectations of summer demand and OPEC+ cuts supporting prices amid geopolitical risks and potential supply disruptions. WTI remained strong despite fluctuations, influenced by Fed rate cut speculations and China's economic challenges impacting oil price movements. Additionally, futures trading in India saw crude oil prices rise due to firm demand, while technical analysis indicates potential targets and pullback levels for oil prices.