Oil prices are trading under selling pressure during today’s session, as the market remains below the key pivot level at 58.14.
As long as bearish momentum persists, prices may extend losses toward 56.70, followed by 55.20.
Alternatively, if prices reverse higher, oil could retest 58.50 and then 58.80.
A clear stabilization above 58.14 may shift momentum back toward the upside.
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