WTI stays depressed around $114.00 with eyes on Fed’s Powell, oil refiners’ meeting By anilpanchal7 Oil WTI RiskAppetite Commodities Fed
That said, Russia’s readiness to increase oil production in July joins the nation’s determination to keep the oil-for-roubles scheme to keep oil buyers hopeful. Though, Russian Deputy Prime Minister Alexander Novak’s comments like, “Oil market is balanced but there are lots of uncertainties,” seem to probe the commodity prices of late.
Downbeat US Treasury yields joined softer US data to weigh on the US dollar prices and helped trigger the WTI’s rebound.
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