Oil continues its downward trend, driven by relentless pressure on prices due to significant and long-term surpluses of the commodity in the market. Some investors were waiting for the monthly OPEC report as a source of information to support demand, but these proved insufficient.
As a result, WTI and Brent oil contracts are losing about 1.4%.
OIL.WTI (H1)
Source: xStation5
3 markets to watch next week: US100, GOLD, EURUSD (05.06.2026)
Daily summary: Nasdaq 100 drops 3%, precious metals and Bitcoin are falling amid US dollar strength
Silver slumps 7% ๐ Precious metals under selling pressure
BREAKING ๐จ Nasdaq tumbles 2.4%, Bitcoin tests key $60K support