$WTI crude closed the week near $67.33, finishing right at the top of its recent trading range. That close is technically important — it puts price in breakout territory heading into the new session.
WTI Crude Oil Analysis — March 1, 2026
Oil markets are facing a volatility breakout situation as geopolitical risks intensify. West Texas Intermediate (WTI) is reacting to escalating tensions in the Middle East, with traders pricing in a heightened chance of supply disruption.
📍 Key Levels
WTI Above $67.50 — Bullish threshold. Holding above this level suggests momentum can extend and lead to rapid gains.
Support Near $65.50 — A failure to stay above $67.50 could see prices swing back toward this support zone.
The bigger question now isn’t where we closed — it’s how the market opens.