West Texas Intermediate (WTI) halted its three-day winning streak, trading around $66.00 a barrel in the early European hours on Thursday. Prices...
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- FINANCIALMIRROR.COM - A La Une - 11/07/2024 08:52
WTI sticks to modest intraday gains, just below $82
West Texas Intermediate (WTI) crude oil prices are building on the overnight recovery from the $80.00 level, or a two-week low and gaining follow-through positive traction during Asian trading on Thursday. The uptick is supported by a combination of factors and lifts the commodity to a multi-day peak, around $82.00 in the last hour. The Organisation of the Petroleum Exporting Countries (OPEC) maintained its forecast for relatively strong growth in global oil demand this year and next. Adding to this, the US Energy Information Administration (EIA) reported that crude inventories fell by 3.4 mln barrels to 445.1 mln barrels in
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