WTI hovers around $78.00, steadies ahead of US PCE inflation

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WTI hovers around $78.00, steadies ahead of US PCE inflation
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West Texas Intermediate (WTI) Oil price holds mild losses, possibly driven by better-than-expected US economic data.

WTI price remains on track for a third straight week of decline on Friday. Chinese growth concerns put pressure on crude Oil prices. Oil demand could be affected due to diminished odds for the Fed rate cuts in September. West Texas Intermediate Oil price holds mild losses, possibly driven by better-than-expected US economic data. The WTI price hovers around $78.00 per barrel during early European hours on Friday.

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

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