Crude oil futures chart analysis shows that last session’s

Crude oil futures chart analysis shows that last session’s price spike above $79 was driven by strong gasoline demand data. Traders now anticipate refining margins will sustain upward momentum, keeping WTI supported. In September, increasing OPEC+ production and U.S. energy policy supporting more fossil fuel production led WTI and Brent futures prices being slightly lower. However, continued geopolitical tensions tempered the bearish sentiment in the crude oil futures market. North Sea Brent represents the price of light, sweet crude oil in Europe. Trade the spread between these two crudes at NYMEX for increased efficiency. As per today’s crude oil futures chart, Brent prices are climbing toward $83 amid strong Asian demand recovery. Refinery utilization rates in China are rising, signaling bullish downstream activity. This aligns with seasonal trends favoring Q3 energy market strength.