Crude Oil Price Forecast – February 13, 2024

Posted on February 13, 2024 by Dean Rogers, CMT in Oil Price Forecast

Today’s rally has positioned WTI crude oil to challenge $79.2 and possibly $79.7 tomorrow. Settling above $79.7 will open the way for $80.7 and higher in the coming days.

The late pullback from $78.47 warns that a test of $77.0 might take place first. This level is expected to hold. Key near-term support at $75.8.