WTI Crude Oil Hovers Near $70.50 Amid Supply Concerns and Demand Optimism
WTI Crude Oil Hovers Near $70.50 Amid Supply Concerns and Demand Optimism West Texas Intermediate (WTI) crude oil prices eased slightly after recent gains, trading around $70.50 per barrel during Monday’s Asian session. The pullback comes as markets digest growing supply threats and potential demand boosts, setting the stage for possible upside momentum in the
Read moreWTI Rises Toward $70.00 on China Stimulus Hopes and New EU Sanctions Against Russia
WTI Rises Toward $70.00 on China Stimulus Hopes and New EU Sanctions Against Russia West Texas Intermediate (WTI), the US crude oil benchmark, edged higher on Thursday, trading near $69.95. The price gains are driven by expectations of further Chinese economic stimulus and concerns over tighter global crude supplies stemming from new sanctions on Russia
Read moreWTI Rebounds from Multi-Week Low, Nearing Mid-$67 Range
WTI Rebounds from Multi-Week Low, Nearing Mid-$67 Range West Texas Intermediate (WTI) crude oil shows signs of resilience early this week, recovering from a three-week low touched on Friday. The commodity trades just below the mid-$67.00 range, posting a modest 0.60% gain for the day and snapping a three-day losing streak. OPEC+ Supply Moves and
Read moreWTI Crude Remains Pressured Below $68.50 as Markets Await OPEC+ Meeting
WTI Crude Remains Pressured Below $68.50 as Markets Await OPEC+ Meeting West Texas Intermediate (WTI) crude oil prices remain under modest selling pressure for the second consecutive day on Thursday, erasing a significant portion of weekly gains. During the Asian session, WTI trades below $68.50, down 0.30% for the day, with downside risks cushioned ahead
Read moreWTI Crude Oil Prices Dip Below $68.50 Amid Stronger USD and Anticipation of OPEC+ Meeting
WTI Crude Oil Prices Dip Below $68.50 Amid Stronger USD and Anticipation of OPEC+ Meeting West Texas Intermediate (WTI) crude oil is trading near $68.25 on Monday, pressured by a strengthening US Dollar (USD) and ongoing market uncertainty. A firmer USD, which makes USD-denominated commodities like oil more expensive for holders of other currencies, weighs
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