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WTI CRUDE OIL 4h chart oscillator seems oversold and at the lowest price/volume area that could become a turning point for Crude Oil buyers. In particular, physical Crude Oil utilizers could have to start buying physical Crude Oil at $70 dollar per barrel as a reasonable price.

CL1! 73.52 ▲ +0.48% Unnamed (tradingview.com)

WTI CRUDE OIL FUTURES PRICING CONTANGO IN 2023, SLIGHTLY HIGHER WITH FUTURES CONTRACTS PRICES GOING INTO 2023, WHICH COULD BE CORRELATED TO INCREASING CRUDE OIL DEMAND GOING FORWARD.

Crude Oil WTI Prices and Crude Oil WTI Futures Prices – Barchart.com