🛢OIL.WTI rout deepens📉

OIL.WTI price fell nearly 4.0% on Monday after WSJ reported that OPEC reportedly is considering increasing production by up to 500,000 b/d. The OPEC+ meeting on December 4. Earlier in the session news from China put pressure on oil prices. China reported its first Covid-related deaths in almost six months over the weekend, while localized lockdowns were implemented in some areas on Monday as the world’s top crude importer continued to grapple with resurgent Covid outbreaks.

OIL.WTI price accelerated downward move and is approaching major support at $76.20, which is marked with lower limit of the 1:1 structure and 78.6% Fibonacci retracement of the upward wave launched in December 2021. Source: xStation5

2 October 2026, 3:26 PM

Oil down nearly 5% following the announcement that European diesel reserves will be released💡

2 October 2026, 12:35 PM

🟡Gold takes a breath, because of oil, not NFP

1 October 2026, 6:47 PM

Daily Summary: Wall Street Recovers as Micron Shines and Oil Prices Rise Again

1 October 2026, 4:19 PM

The US has a Diesel problem. Now Europe is being asked to open its reserves

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