Oil Analysis for Today, Friday, August 14, 2026

Crude oil prices (WTI and Brent) are trading with volatility that leans toward relative calm today, as prices are pulled between the balance of global supply levels and concerns regarding a slowdown in global demand.

Fundamental Drivers:

OPEC+ Policy: The alliance's voluntary production cuts and supply policies continue to provide a floor and support for prices against sharp declines.

Oil Inventories and Global Demand: Markets are awaiting periodic data on US oil inventories and signals regarding the recovery of industrial activity in China and major economic regions.

Interest Rates and Monetary Policy: Anticipation regarding global interest rate trends directly influences the movement of the US dollar, which in turn has an inverse effect on commodity prices, including oil.

Expected Trading Scenarios (WTI)

1️⃣ Bullish Scenario (Primary Outlook)

Condition: Price stabilization and steady trading above the pivot point of $75.20.

Targets: Breaking the intraday resistance at $76.50 opens the way to levels of $77.80, followed by $79.00.

Bearish Scenario (Corrective)

Condition: Breaking the intraday support level of $74.50 and trading below the pivot point.

Targets: Testing the key support level at $73.50; if this level is broken to the downside, the correction could extend toward $72.00.