Crude prices may be days away from hitting $25 a barrel or even lower as weakening technicals put more pressure on a market already staggering from oversupply, chartists said. U.S. crude’s West Texas Intermediate (WTI) futures settled at $27.45 on Wednesday, slightly more than $1 above 12-year lows hit last month. U.K.’s Brent was at $30.84 a barrel, more $3 above its 12-year low of $27.10 hit on Jan. 20. Matthew Sferro, technical analyst at New York’s Informa Global Markets, said if WTI fell further, it would likely test a September 2003 low of $26.65 before a $25.04 support established in April that year. “Based on typical movement, I’d say within a couple of weeks it would be conservative for this to happen,” he said. “But it could also be in a few […]