WTI Crude Oil futures rallied after testing key support levels.

WTI Crude Oil futures demonstrated resilience by rallying off key technical support at the 21-day moving average. Despite an early session drop, the market recovered to trade back above the 200-day moving average. This price action follows a significant U.S. and India trade announcement regarding a potential reduction in Russian crude imports, which could shift demand toward the WTI benchmark. Additionally, market participants are focused on the upcoming EIA petroleum status report with expectations for a draw of 2.295 million barrels. Refinery activity remains steady as gasoline supplies build while distillate demand continues to be met.