West Texas Intermediate (WTI), the US crude oil benchmark, rises some 1.46% on Wednesday after bouncing from a daily low of $77.33 in the early North American session.
WTI climbs 1.46% to $78.91, buoyed by US crude inventory drop and geopolitical risks impacting supply. EIA report reveals larger-than-expected decrease in gasoline stocks, with crude inventories falling against forecasts. Market eyes
’s. Besides those factors, speculations that major central banks would begin to cut borrowing costs might drive WTI prices higher. Once the Federal Reserve begins to ease policy, the Greenback would be under pressure, favoring an upside in oil prices. WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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