West Texas Intermediate (WTI) extended the previous day’s sharp retracement slide from $76.75, or a five-month peak, and attracted follow-through...
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- FINANCIALMIRROR.COM - A La Une - 27/Jun 09:09
WTI trades with caution at $64 as tariff deadline nears
West Texas Intermediate futures on NYMEX, exhibit a sluggish performance slightly above the two-week low of $63.73 from Wednesday. The benchmark WTI crude oil trades cautiously near its immediate lows on persistent global demand concerns due to the tariff policy announced by President Donald Trump since his return to the White House. The uncertainty surrounding the US tariff policy is expected to escalate further as the deadline of the 90-day pause on the imposition of reciprocal tariffs will end on July 9. Washington provided an almost three-month relief on the tariff policy to negotiate bilateral deals with its trading partners.
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