WTI steadies near $76 as firm Fed rate-cut bets cushion downside

Oil News

WTI steadies near $76 as firm Fed rate-cut bets cushion downside
WTIFedInflation
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 6 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

West Texas Intermediate (WTI), futures on NYMEX, discover support near $75.70 in Thursday’s European session after correcting from a fresh three-week high of $78.78 in last two trading sessions.

The Oil price finds an interim cushion near $76.00 after correcting from a fresh three-week high near $78.80. Firm Fed interest-rate cut prospects have supported the downside in the Oil price. Weak demand for stimulus in China has prompted fears of global demand concerns. West Texas Intermediate , futures on NYMEX, discover support near $75.70 in Thursday’s European session after correcting from a fresh three-week high of $78.78 in last two trading sessions.

refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

WTI Fed Inflation China

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Save $76 on Celestron Nature DX 12x56 binoculars for Prime DaySave $76 on Celestron Nature DX 12x56 binoculars for Prime DayKimberley Lane, E-commerce writer for Live Science, has tested hundreds of optics equipment reviewing cameras, lenses and tripods, and getting hands-on observations with binoculars and more.
Read more »

Sanders Files Amendment to Limit $76 Billion in 'Corporate Welfare' for Microchip IndustrySanders Files Amendment to Limit $76 Billion in 'Corporate Welfare' for Microchip IndustryJake Johnson is a senior editor and staff writer for Common Dreams.
Read more »

NBA inks $76B media rights deal, paving way for Sonics' return to SeattleNBA inks $76B media rights deal, paving way for Sonics' return to SeattleIt has been reported that the package is worth as much as $76 billion.
Read more »

U.S. crude oil falls below $76 per barrel, lowest level since early JuneU.S. crude oil falls below $76 per barrel, lowest level since early JuneChina’s economy is weighing on the oil market.
Read more »

ThermoWorks' Thermapen One Is 30% Off Today Only — Get the Best Meat Thermometer for $76ThermoWorks' Thermapen One Is 30% Off Today Only — Get the Best Meat Thermometer for $76ThermoWorks' Thermapen One instant-read meat thermometer is on sale for $76 right now.
Read more »

The 4-pack of Apple AirTags are on sale for $76The 4-pack of Apple AirTags are on sale for $76Best Buy has cut the price on a pack of 4 Apple AirTags so now is the time to secure your gear for less.
Read more »



Render Time: 2025-02-22 13:44:36