WTI appreciates toward $77.50 ahead of EIA Oil Stocks Change report

📆 7/24/2024 9:38 AM
📰 FXStreetNews

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WTI,Macroeconomics,Commodities

West Texas Intermediate (WTI) Oil price grapples to halt its four-day losing streak, trading around $77.40 per barrel during the European hours on Wednesday.

WTI prices halt its losing streak due to a drop in Weekly Crude Oil Stock in the previous week. EIA Crude Oil Stocks Change report is anticipated to show a 0.7 million-barrel increase for the week ending July 19. Israeli Prime Minister Benjamin Netanyahu will address US Congress, seeking to redirect American attention to the Middle East. West Texas Intermediate Oil price grapples to halt its four-day losing streak, trading around $77.40 per barrel during the European hours on Wednesday.

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

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WTI drops to near $77.00 due to increased ceasefire optimism between Israel and HamasWest Texas Intermediate (WTI) Oil price continues to decline for the fifth successive session, trading around $77.00 per barrel during the Asian hours on Wednesday.
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