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WTI holds above $75.40, focus on Sino-US relations

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WTI holds above $75.40, focus on Sino-US relations – by lilyfinancial WTI Commodities

The renewed trade war tensions between the Sino-US might exert pressure on WTI.Western Texas Intermediate , the USbenchmark, is trading around the $75.40 mark so far this Thursday. WTI price edges lower from the Crude Oil Stocks Change data, and market participants will keep an eye on Sino-US relations for fresh impetus.

That said, the renewed trade war tensions between the US-China might exert pressure on WTI. On Thursday, China's Ambassador Xie Feng criticized the US's consideration of foreign investment and AI chip restrictions. He added that China would retaliate if the US imposed more curbs on its chip sector in Beijing.

 

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