Oil Prices Struggle Near 43.50

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WTI Crude oil prices made another attempt to test the 43.50 handle.

However, prices were quickly rejected, pushing crude oil lower by close to $0.50.

Price action is caught in a range within the 43.50 and 42.00 levels for the moment. Meanwhile, the rising trend continues to hold steady.

Any declines for the moment could see oil price stalling either near the trend line or the 42.00 level of support.

To the upside, above 43.50, the next key level of interest will be the 45.00 price level.

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