WTI crude oil's in a bit of a pickle, hovering near $58.30 a barrel as of October 12, 2025. It's kind of surprising how low it's gone - we're talking six-month lows here.

All eyes are on the OPEC+ meeting this weekend. Word on the street is Saudi Arabia might push for pumping more oil. Like, 1.8 million barrels a day more. But who knows? They might just stick to what they're doing now.

The technical picture? Not great. WTI's well under its 50-day moving average. $58 is the magic number to watch. If it drops below that, things could get dicey.

U.S. crude inventories threw a curveball earlier this week. They went up when nobody expected it. That's got folks worried about too much oil sloshing around.

Energy stocks are feeling the heat. It's not entirely clear, but investors seem jittery about oil companies right now.

The RSI's at 35. Bearish, sure, but not rock bottom yet. Might still have room to fall.

Everyone's on edge waiting for OPEC+. Whatever they decide, it'll shake things up. Traders are all ears for any whispers coming out of that meeting.