West Texas Intermediate (WTI) US Crude Oil inched into fresh highs on Thursday, clipping $81.40 and continuing its march towards the $82.00 handle.
WTI edged into fresh highs near $81.40 as energy markets hope for drawdown. EIA barrel counts reported a larger-than-expected decline in US Crude Oil stocks. Barrel traders edge bids higher on extended hopes of a summertime supply crunch. West Texas Intermediate US Crude Oil inched into fresh highs on Thursday, clipping $81.40 and continuing its march towards the $82.00 handle.
, later this year. nations that shouldered a significant burden in trying to bolster global Crude Oil prices by intentionally restricting the amount of unrefined Crude Oil they pull out of the ground has begun to weigh on government budgets that routinely rely on barrel-selling activity to balance accounts. WTI technical outlook WTI extended bullish momentum on Thursday, edging towards $81.50 as intraday bids accelerate above rising trendlines from the last major swing low into $72.50.
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