West Texas Intermediate (WTI) is trading around $67.00 during the Asian session on Thursday, with the US crude oil benchmark climbing to near...
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- FINANCIALMIRROR.COM - A La Une - 20/Jun 07:47
WTI hits $75.50 amid Mideast tensions
West Texas Intermediate (WTI) climbed above the $75.00 mark on Thursday, hitting its highest level since late January amid geopolitical tensions and tighter supply signals, fueling fresh buying. The benchmark US crude oil traded around $74.58, up more than 2.5% on the day, after marking an intraday high of $75.53 as traders respond to the escalating Iran-Israel conflict and a sharp drop in US stockpiles. This multi-month high underscores how quickly Middle East tensions and supply fundamentals can inject fresh bullish momentum into the oil market, keeping investors on edge and fueling talk of further gains if risks to key
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