WTI flat lines below $73.00 on US recession fears, easing supply concerns, bearish USD

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WTI flat lines below $73.00 on US recession fears, easing supply concerns, bearish USD
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West Texas Intermediate (WTI) US crude Oil prices struggle to capitalize on the previous day's bounce from the vicinity of a two-week low – levels just below mid-$71.00s – and oscillates in a narrow band during the Asian session on Friday.

WTI is seen consolidating in a narrow range on Friday amid mixed fundamental cues. Concerns about slowing demand and easing geopolitical tensions act as a headwind. Dovish Fed expectations continue to undermine the USD and could lend some support. West Texas Intermediate US crude Oil prices struggle to capitalize on the previous day's bounce from the vicinity of a two-week low – levels just below mid-$71.00s – and oscillates in a narrow band during the Asian session on Friday.

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

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