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WTI appreciates toward $77.50 ahead of EIA Oil Stocks Change report

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WTI,Macroeconomics,Commodities

West Texas Intermediate (WTI) Oil price grapples to halt its four-day losing streak, trading around $77.40 per barrel during the European hours on Wednesday.

WTI prices halt its losing streak due to a drop in Weekly Crude Oil Stock in the previous week. EIA Crude Oil Stocks Change report is anticipated to show a 0.7 million-barrel increase for the week ending July 19. Israeli Prime Minister Benjamin Netanyahu will address US Congress, seeking to redirect American attention to the Middle East. West Texas Intermediate Oil price grapples to halt its four-day losing streak, trading around $77.40 per barrel during the European hours on Wednesday.

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

 

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Crude Oil roils on Wednesday after EIA prints another weekly buildup in US Crude Oil StocksWest Texas Intermediate (WTI) US Crude Oil tumbled back to $80.00 per barrel on Wednesday after the Energy Information Administration (EIA) reported another unexpected increase in week-on-week US Crude Oil Stocks Change, kicking the legs out from beneath barrel traders that were hoping for a net decrease in US Crude Oil supplies.
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