US oil is fundamentally firm, but technicals momentum is slowing at daily resistance. FOMC and GDP data from the US will be key events. In the open, US West Texas Intermediate (WTI) crude prices are bid +0.26% at $72.21 at the time of writing. Energy markets have posted a strong recovery of late. ''Firm demand hindered shale supply and the cautious monthly increase in supply from OPEC+ should not be enough to prevent a deep deficit in the coming month, which should continue to fuel stronger prices and tightening spreads,'' analysts at TD Securities said. WTI edged higher on Friday to close up by a modest 0.46%, ... (full story)