West Texas Intermediate (WTI) Oil price continues to decline for the fifth successive session, trading around $77.00 per barrel during the Asian hours on Wednesday.
WTI price extends its losing streak due to increased optimism surrounding ceasefire negotiations in the Middle East. Israeli Prime Minister Benjamin Netanyahu has suggested that a ceasefire agreement might be taking shape. API Weekly Crude Oil Stock fell by 3.9 million barrels for the previous week, against an expected 2.47 million-barrel decrease. West Texas Intermediate Oil price continues to decline for the fifth successive session, trading around $77.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
WTI Majors Macroeconomics Middleeast
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