West Texas Intermediate (WTI) crude oil prices hover around mid-$70s as geopolitical tensions and economic concerns weigh on the market. While Middle East conflicts and potential US storm disruptions support oil, a weakening global economy and expectations of further Fed rate cuts cap gains.
WTI struggles to gain any meaningful traction amid mixed fundamental cues. A further escalation of conflicts in the Middle East underpins the commodity. Concerns about the slowing global economy act as a tailwind for Oil prices. West Texas Intermediate US crude Oil prices oscillate in a narrow trading band, just above mid-$70.00s during the Asian on Tuesday and remain well within the striking distance of a nearly three-week top touched the previous day.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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