WTI timid at $78.00 ahead of US PPI

WTI timid at $78.00 ahead of US PPI

West Texas Intermediate remains steady with thin trading, possibly due to anticipation of upcoming producer price figures from the US. The WTI crude oil hovers around $78.00 per barrel in European trading on Thursday. Oil traders have absorbed the hawkish stance maintained by the US Federal Reserve, with the Federal Open Market Committee (FOMC) keeping … Read more

WTI drops to 7-week low on surprise crude inventories

WTI drops to 7-week low on surprise crude inventories

The price of WTI crude oil is trading around .20, dropping to its lowest level in seven weeks due to a surprise build in US crude inventories and easing geopolitical tensions in the Middle East.