West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.70 on Thursday.
WTI price trades in negative territory for the fifth consecutive day in Wednesday’s early Asian session. WTI price declines as worries of a wider Middle East conflict fade, but rising bets on a Fed rate cut might limit its losses. Crude inventories fell by 4.65 million barrels to 426.03 million last week, according to the EIA. West Texas Intermediate , the US crude oil benchmark, is trading around $71.70 on Thursday. WTI price edges lower on the back of easing fears of a wider Middle East war.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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