West Texas Intermediate (WTI) climbed above the $75.00 mark on Thursday, hitting its highest level since late January amid geopolitical tensions and...
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- FINANCIALMIRROR.COM - A La Une - 17/Jun 11:01
WTI bounces up on Mideast tensions, fails to tap $72
The pullback in crude prices witnessed on Monday found support on Tuesday as escalating tensions in the Middle East revived fears of an oil supply disruption, while Russia is pressuring OPEC+ to reconsider further output hikes. The price of the West Texas Intermediate barrel bounced up from Monday’s lows near $68.00. Upside attempts have remained limited below the $72.00 level so far, but still at levels 12% above May’s trading range. The escalating war between Israel and Iran is supporting oil prices. A new exchange of missiles Monday night and US President Trump’s early departure from the G7 after calling
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