West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.50 on Wednesday.
WTI price extends decline near $79.50 in Wednesday’s Asian session. Chinese demand concerns weigh on the WTI price. Rising bets on a Fed rate cut in September might limit the black gold’s downside. West Texas Intermediate , the US crude oil benchmark, is trading around $79.50 on Wednesday. WTI price edges lower as fears about a sluggish Chinese economy hurt oil demand.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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