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WTI Slips 2% as Key Support Level Breached

Summary by Rigzone
Oil fell over 2% as a key technical breach and potential Iraqi supply increase pressured prices, while OPEC considers delaying production hikes.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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WTI Slips 2% as Key Support Level Breached

Oil fell over 2% as a key technical breach and potential Iraqi supply increase pressured prices, while OPEC considers delaying production hikes.

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Rigzone broke the news in on Friday, February 21, 2025.
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