WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories During the Asian trading hours on Thursday, the West Texas Intermediate (WTI) crude oil price experienced a slight decline, hovering around $78.50 per barrel. This movement follows a notable surge on Wednesday, primarily fueled by developments in the US crude […]
WTI Stays Under $78.00 as US PCE Data Approaches
WTI Stays Under $78.00 as US PCE Data Approaches Western Texas Intermediate (WTI), the benchmark for US crude oil, is currently hovering around $77.75 as of Thursday. The WTI prices have seen a slight decline, influenced by the Federal Reserve’s (Fed) decision to postpone initial rate cuts and the pressure from increasing US oil inventories. […]
Oil continue gains on Russia-Europe tension as hopes for Chinese support
Oil continue gains on Russia-Europe tension as hopes for Chinese support Oil prices rose further in early Asian trade on Wednesday as geopolitical tensions remained high, with Russia warning of gas supply cuts to Poland and Bulgaria, while hopes of Chinese economic stimulus boosted the outlook for oil demand. Brent crude futures were up […]