Crude Oil prices are ripping higher for a third day in a row on Wednesday, getting close to the $70 round level, as geopolitical tensions – namely the escalation in the war between Russia and Ukraine – take over market sentiment to the detriment of stockpile data.
Crude Oil edges higher for a third day in a row backed by geopolitical tensions. Headlines risk in the Russia and Ukraine war points to further escalation ahead. The US Dollar Index recovers with traders bracing for Nvidia earnings after the US closing bell. That element became very clear after the release from the American Petroleum Institute US stockpile data on Tuesday, which showed a big buildup of 4.753 million barrels.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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