Oil prices drop as US stockpile grows

Oil prices fell, with the U.S. benchmark touching a multi-week low after crude stockpiles in the world’s top petroleum producer and consumer rose more than expected last week. The White House reaffirmed Trump’s plan to impose 25% tariffs on imports from Canada and Mexico.

After a 1.9% dip during the last session, the Oil-Dollar pair closed with a 1.4% drop. The Ultimate Oscillator indicates an oversold market.
Support: 70.272 | Resistance: 75.102