West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.30 on Friday.
WTI trades in negative territory for the third consecutive day near $67.00 in Friday’s Asian session. The prospect of more oil output drags the WTI price lower. The Chinese fresh stimulus plans help limit the WTI ’s losses. West Texas Intermediate , the US crude oil benchmark, is trading around $71.30 on Friday. WTI price edges lower asSaudi Arabia is committed to pressing ahead with output increases later this year.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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