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.

Three Markets To Watch (20.04.2026)
⬇️WTI Oil declines nearly 9%
OIL dips below $90 first time in a month🛢️ 📉 Iran will hand uranium to the US❓
🚩Oil slips 7% as Trump signals negotiations with Iran this weekend