In oil prices today, the weekly crude oil stock data from the American Petroleum Institute (API) to be released in the U.S. stands out. A potential decrease in stocks could strengthen upward movements in prices by supporting expectations of tightening on the supply side. In addition, while the ADP employment data to be released in the U.S. is monitored in terms of expectations for economic activity and energy demand, statements from Fed members could create volatility on the dollar side. Throughout the day, the global economic outlook and messages from central banks will continue to be influential on energy markets. Within this framework, while the upward trend is expected to be maintained, it is anticipated that sharp price movements depending on the news flow could be seen.
