Crude Oil briefly found fresh highs on Tuesday before falling back. WTI tested above $83.50 per barrel before easing back to $82.50. API reported a steeper-than-expected drawdown in US Crude Oil supplies. West Texas Intermediate US Crude Oil briefly clipped into a nine-week peak just shy of $84.00 per barrel on Tuesday before mid-US session market flows pulled barrel bids back down to $82.50. Crude Oil markets continue to be bolstered by ongoing tensions in the Middle East.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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