WTI rises toward $76.00 as Middle East tensions heighten the Oil supply concerns

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WTI rises toward $76.00 as Middle East tensions heighten the Oil supply concerns
WTIMacroeconomicsCommodities
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West Texas Intermediate (WTI) crude Oil price trades around $75.70 per barrel by the press time.

WTI rebounds from an eight-week low of $74.24 recorded on Tuesday. Oil prices gain ground as Middle East tensions pose risks to Oil supply. The prices of crude Oil may receive support from the increasing odds of a Fed rate cut in September. West Texas Intermediate crude Oil price trades around $75.70 per barrel by the press time. WTI rebounded from an eight-week low of $74.24 recorded on Tuesday, attributed to rising geopolitical tensions in the Middle East that pose risks to Oil supply.

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

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