Tag: WTI
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Oil prices rise as US stock draw boosts markets, Venezuela in focus
Oil prices recover after US inventory draw boosts sentiment Oil markets edged higher on Thursday, reversing two days of losses as a larger-than-expected draw in U.S. crude stocks offered fresh support for buyers. Traders cited expectations of tighter supply and ongoing concerns about global demand as key factors behind the rebound, with investors also weighing…
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WTI Rises Above $57.50 as Geopolitical Tensions Grow
Oil Markets Rally as Geopolitical Tensions Persist West Texas Intermediate (WTI), the benchmark for U.S. crude, edged above $57.50 per barrel as trading began in Europe on Tuesday. The market movement adds to a recent wave of gains driven by ongoing geopolitical risks and the absence of a breakthrough in Ukraine peace talks. Traders are…
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WTI Gains Momentum Above $57.50 as Geopolitical Tensions Rise
WTI Breaks Above $57.50 as Tensions Persist West Texas Intermediate (WTI) crude has extended its rally, trading around $57.85 in early European trading on Tuesday. The move comes on the back of reaffirmed geopolitical frictions around the globe, and the absence of a breakthrough in peace negotiations over Ukraine. Market participants are watching supply dynamics…
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WTI Rises Above $57.50 as Geopolitical Tensions Persist
Overview: WTI edges higher amid geopolitical tension West Texas Intermediate (WTI), the U.S. crude benchmark, is trading around $57.85 in early European trading on Tuesday, extending a recent rally as geopolitical risks remain high and there is no breakthrough yet on a peace deal in Ukraine. The move above $57.50 underscores how investors are weighing…