WTI Crude Oil1- We all know that due to aftermath of the terror attack on Israel Crude Oil started going up reaching $90.00. It came back to $83.00 and it seems $83.00 is the market fair price, as of now.
2- However, as Europe and America going to into Winter mood price may go up. We all remember, that Ukraine - Russian war last year, created a lot of problem for European countries.
3- Additionally, Russia and OPEC countries, specifically Saudi Arabia keep reducing their production to control the price and they have been successful.
4- On the other hand, European countries and China economy is slowing down do to inflation control and interest raise, may counter some of these pushes for higher price.
5- Volume shows that there is a big desire to buy at $83.00 and sell in short term and $86.00 and long term sell $89.00.
But nevertheless, Considering all of these catalysts, it will most likely the price will go up to hit $100 in a long run.