West Texas Intermediate (WTI) ended a four-day losing streak, trading around $72.50 per barrel on Wednesday. The benchmark crude oil is getting...
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Maroc - FINANCIALMIRROR.COM - A La Une - 09/Jul 08:18
WTI drops to $81.50, Saudi oil exports to China rebound
West Texas Intermediate (WTI) extended losses for the third session, trading around $81.50 per barrel in Asian markets on Tuesday. Crude oil prices faced pressure after Hurricane Beryl, which struck a key US oil-producing hub in Texas, caused less damage than anticipated by markets. Despite slowdowns in refining activity and evacuations at production sites, major refineries along the Gulf Coast reported minimal impact from the hurricane. This decline would be partly influenced by recent developments involving Saudi Arabia. According to Reuters, Saudi crude oil exports to China are expected to rebound in August, with shipments reaching at least 44 million
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