WTI inches higher to near $70.50 following drop in US Oil stocks

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 6 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Oil News

WTI,Macroeconomics,Commodities

West Texas Intermediate (WTI) Oil price extends its gains for the second consecutive day, trading around $70.40 per barrel during Asian hours on Friday.

WTI gained ground due to an unexpected drop in US Oil inventories. US Crude Oil Stock declined by 2.192 million barrels in the previous week, against the expected 2.3-million-barrel increase. Israel's military and the Shin Bet security service confirmed the killing of the militant leader Yahya Sinwar on Wednesday. West Texas Intermediate Oil price extends its gains for the second consecutive day, trading around $70.40 per barrel during Asian hours on Friday.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines