Crude oil futures facing bearish pressure due to tariffs, but potential upside movement.

From Investing.com: 2025-06-03 03:52:00

WTI crude oil futures are facing bearish pressure as they defend support at $62.70 but are below resistance at $63.36. A breakdown could lead to testing yesterday’s lows while a breakout could push towards $64.93. Weekly charts show potential upward movement towards the 20 DMA at $65.85 despite bearish signals.



Read more at Investing.com: Crude Oil: Tariffs May Limit Upside Despite Supply Concerns