WTI crude futures are trading around $78.15, showing resilience despite concerns over global demand. Analysts see upside potential toward $80 if geopolitical risks in the Middle East escalate, supporting related energy equities. Crude oil and gasoline prices today extended this week's selloff, with crude falling to a 4-month nearest-futures low and gasoline dropping to a 10.5-month low. Crude prices are sliding on concerns about a global supply glut as OPEC+ is set to increase its crude production levels. Crude prices added to their losses today after weekly EIA crude and gasoline inventories rose more than expected. Today's decline in the dollar index (DXY00) to a 1-week low is limiting losses in energy prices. Average monthly West Texas Intermediate (WTI) crude oil price from August 2023 to August 2025 WTI crude futures are range-bound near $77.60 as markets await the latest U.S. nonfarm payrolls data. A strong jobs print could lift demand sentiment and fuel a rebound toward $
