West Texas Intermediate (WTI) edges high, but will $84.20-40 hold?
crystalballfinance.substack.com
West Texas Intermediate (WTI) oil prices rose slightly in early Friday trade and potentially set for a positive weekly close amid bets on tighter supplies and persistent geopolitical unrest in the Middle East. However, recent gains were tepid as traders sat on the edge ahead of key U.S. inflation data due later in the day, which is set to offer more cues on the path of interest rates as the stage is set for the upcoming U.S. (PCE) price index reading, which is the U.S. Federal Reserve’s preferred inflation gauge.
West Texas Intermediate (WTI) edges high, but will $84.20-40 hold?
West Texas Intermediate (WTI) edges high, but…
West Texas Intermediate (WTI) edges high, but will $84.20-40 hold?
West Texas Intermediate (WTI) oil prices rose slightly in early Friday trade and potentially set for a positive weekly close amid bets on tighter supplies and persistent geopolitical unrest in the Middle East. However, recent gains were tepid as traders sat on the edge ahead of key U.S. inflation data due later in the day, which is set to offer more cues on the path of interest rates as the stage is set for the upcoming U.S. (PCE) price index reading, which is the U.S. Federal Reserve’s preferred inflation gauge.