WTI edges lower to near $74.00 despite supply concerns due to Middle East tensions

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WTI edges lower to near $74.00 despite supply concerns due to Middle East tensions
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West Texas Intermediate (WTI) Oil retraces its recent gains from the previous session, trading around $74.00 during the early European hours on Thursday.

WTI price loses ground despite the rising supply fears over geopolitical tensions. Two US intelligence officials said that Iran and its allies are preparing potential retaliation against Israel. EIA Crude Oil Stocks Change fell by 3.728 million barrels, marking the sixth consecutive weekly decline. West Texas Intermediate Oil retraces its recent gains from the previous session, trading around $74.00 during the early European hours on Thursday.

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

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