Underpinned on hopes of OPEC disagreement on output hike. Eyes on OPEC outcome and US drilling activity report for fresh direction. WTI (oil futures on NYMEX) hit fresh five-day highs at $ 66.64 in mid-Asia and since then entered a phase of upside consolidation, as we heading into the OPEC meeting on the output policy. The upbeat tone seen around the black gold can be mainly attributed to the ongoing disagreement between the OPEC and non-OPEC member on the output boost. Saudi Arabia and Russia proposed an output hike of 1 million barrel per day (bpd) last month. However, not all OPEC members are likely to accept proposal of output increase of 1 million bpd, an OPEC delegate said. Iran, Oman, Venezuela and Nigeria have casts doubts over their support for an output hike. Any hike in the OPEC and non-OPEC output by less than 1 million bpd could fuel a fresh buying interest in the barrel of WTI, taking the rates back above the $ 67 level. In the meantime, the developments around the OPEC meeting and the US rigs count data will offer near-term trading impetus to the prices. WTI Technical Levels: Resistances: $ 66.64 (5-day highs), $ 67 (round number), $ 67.35 (classic R2/ Fib R3). Supports: $ 65.83 (5-DMA), $ 65.47 (daily pivot/ 100-DMA), $ 64.72 (classic S1). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR futures: recovery has further legs FX Street 5 years Underpinned on hopes of OPEC disagreement on output hike. Eyes on OPEC outcome and US drilling activity report for fresh direction. WTI (oil futures on NYMEX) hit fresh five-day highs at $ 66.64 in mid-Asia and since then entered a phase of upside consolidation, as we heading into the OPEC meeting on the output policy. The upbeat tone seen around the black gold can be mainly attributed to the ongoing disagreement between the OPEC and non-OPEC member on the output boost. Saudi Arabia and Russia proposed an output hike of 1 million barrel per day (bpd) last month. However, not… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.