West Texas Intermediate (WTI), the US crude oil benchmark, sinks after hitting a daily high of $91.84 per barrel, though profit-taking and recent news
WTI crude drops 2.37% to $88.54 per barrel as profit-taking ensues and the US Dollar strengthens, driven by rising US Treasury bond yields.
West Texas Intermediate , the US crude oil benchmark, sinks after hitting a daily high of $91.84 per barrel, though profit-taking and recentof an increase in oil output weighed on oil prices. Therefore, WTI is trading at $88.54 a barrel, down 2.37%. Oil traders must be aware of an ongoing economic slowdown. The latest China’s Caixin Manufacturing PMI, which decelerated, spurred a revision in the global. Fitch Ratings said that despite the resilience in US consumer demand, , reviewed its forecast downwards, for 2024, due to China’s deepening property slump.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Astros win AL West in tiebreaker with Texas lossThe Astros won and the Rangers lost to finish with identical 90-72 marks, with Houston winning the AL West and a first-round bye via a tiebreaker.
Read more »
Game 162 drama: How the Texas Rangers can clinch the AL West on SundayAfter 161 games, it's really rather simple for the Rangers.
Read more »
Texas Rangers claim playoff berth, play for West Division title on SundayThe Rangers are in the playoffs for the first time since 2016. With a win on Sunday, Texas would win the AL West Division and a first-round bye in the playoffs.
Read more »
Another North Texas Gen Z candidate makes run for Texas legislatureTsion Amare is part of a growing group of candidates in their 20s trying to win public office in Texas.
Read more »
WTI treads waters near $90.00 with a negative bias, US PMI, Fed Powell's speech eyedWestern Texas Intermediate (WTI) oil price hovers around $90.00 per barrel during the Asian session on Monday. The Crude oil price struggles to recove
Read more »