WTI drops below $75.50 amid economic worries in the US and China

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WTI drops below $75.50 amid economic worries in the US and China
WTICommoditiesMacroeconomics
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West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $75.10 on Wednesday.

WTI price trades in negative territory in Wednesday’s early European session, down 0.35% on the day. Slower economic growth in the US and China could diminish demand for WTI . The potential shutdown ofLibya's oil production and Middle East geopolitical tensions might cap the downside for crude oil prices. West Texas Intermediate , the US crude oil benchmark, is trading around $75.10 on Wednesday.

influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When

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