OIL.WTI is moving down for the third consecutive day. The decline has not been steep so far but it could eventually end a period of price consolidation. Oil has been unable to benefit from the risk-on/weak dollar environment amid concerns that resurgent pandemic could dent demand recovery. August brings some relaxation in the OPEC+ deal and technically this could boost output by 2mbd (more than 2% of the global total). In case the correction takes place, traders should pay attention to $34.60 level as a possible support.

Daily summary: Fifth week of declines on the Wall Street
Three markets to watch next week (27.03.2026)
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Report on U.S. natural gas inventories showed a larger-than-expected decline in stocks⬇️