West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $76.15 on Monday.
WTI price extends the rally to near $76.15 in Monday’s Asian session, gaining 0.45% on the day. Fed’s dovish stance and rising geopolitical tensions in the Middle East further boost the WTI price. The weaker demand outlook in China could weigh on the black gold. West Texas Intermediate , the US crude oil benchmark, is trading around $76.15 on Monday. WTI price edges higher on the back of firmer expectations that the Federal Reserve will cut interest rates in its upcoming September meeting.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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