Market Analysis · June 20, 2026 · Commodities Desk

Oil CFDs Slide on Inventory Build; WTI Tests $78 Support

WTI crude pulled back after API data showed a larger-than-expected inventory build. Energy CFD traders eye $78 as near-term support.

WTI CFDs declined in London trading as supply data outweighed geopolitical premium. The move extended a three-day correction from recent highs.

From a technical standpoint, $78.00 aligns with prior breakout resistance-turned-support. A break lower could target $76.50, while stabilization may invite range trading between $78 and $80.

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