WTI holds above $75.00 amid positive jobless claims, falling crude inventories

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WTI holds above $75.00 amid positive jobless claims, falling crude inventories
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West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $75.10 on Friday.

WTI recovers to near $75.10 in Friday’s early Asian session. The upbeat US Initial Jobless Claims data and falling crude inventories support the WTI price. Chinese demand concerns might cap the upside in the near term. West Texas Intermediate , the US crude oil benchmark, is trading around $75.10 on Friday. WTI price edges higher on the back of falling crude inventories and positive US labor data. US crude inventories fell for a sixth straight week, reflecting positive demand.

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

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