U.S. Crude Trades Just Cents Below $80 Ahead of Weekly Data

U.S. crude oil prices are hovering just below the $80 mark as traders anticipate the release of key weekly data. The market is closely watching for updates related to supply and demand trends, which are expected to influence price movements. With global economic conditions in flux, this data could provide crucial insights into market dynamics and traders are poised for potential volatility. As the trading session unfolds, fluctuations may occur, keeping participants on alert for any shifts that could push prices above or below this significant threshold.