WTI crude oil futures showed weakness in the week through December 19, dropping $0.78 to close at $56.66—a 1% slide from the prior week's $57.44. What caught traders' attention? December 16 marked a bearish milestone: prices dipped to $55.27, the lowest level since February 2021. But here's where it gets interesting. Looking at the 12-month futures spread, momentum indicators are flashing bullish signals heading into Monday's session. The technicals suggest upward movement could be coming. Energy traders are watching closely as OPEC decisions and geopolitical factors continue shaping the outlook. For those tracking oil markets, the recent lows might be setting up a potential bounce.