West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $77.25 on Tuesday.
WTI price edges higher to $77.25 in Tuesday’s early Asian session. The US increased sanctions against Russian energy, boosting the WTI price. The prospect of fewer Fed rate cuts this year might cap the downside for the black gold. West Texas Intermediate , the US crude oil benchmark, is trading around $77.25 on Tuesday. The WTI price climbs to the highest level since October 8 as the US sanctions on Russian oil threaten to tighten global supplies.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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