WTI edges lower to near $77.50 due to uncertainties surrounding Oil demand
WTI Oil price extended losses as Fed officials indicated higher interest rates for longer, which could dampen Oil demand. The crude Oil prices received pressure as China’s lower PPI indicated persistent sluggishness in business demand. Iraq’s Oil minister Hayan Abdul Ghani committed to the voluntary Oil production cuts agreed upon by the OPEC. West Texas Intermediate […]
WTI edges lower to near $77.50 due to uncertainties surrounding Oil demand Read More »