business ⛽ Oil markets are seeing mixed signals right now ⛽
Oil markets are facing conflicting signals due to Hormuz supply risks versus a surprising U.S. crude build. The American Petroleum Institute reported a 9.1 million-barrel crude build for the week ending August 7. EIA data is expected today, while natural gas production is set for a record high of 111.2 Bcf/d in 2026. WTI Crude is targeting $84.74 resistance, suggesting continued bullish momentum for the oil price. Investors are watching these key price levels closely for future market direction.