On Tuesday, the crude oil markets experienced an initial drop, only to swiftly recover and display signs of stability once more. The West Texas Intermediate Crude Oil market faced early declines on Tuesday but managed to stage a turnaround, indicating a renewed spark of life. The $88.50 level remained a focal point of interest, hinting at the potential for a minor rebound. However, the question of whether this rebound can translate into a substantial uptrend remains uncertain. Concerns loom large over global supply, with both Russia and Saudi Arabia having reduced production. Furthermore, the United States recently ... (full story)