West Texas Intermediate (WTI) ends a three-day losing streak as the U.S. Dollar weakens, supply concerns
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West Texas Intermediate (WTI), the U.S. crude oil benchmark, rebounded on Monday as the U.S. Dollar staged a modest pullback, while renewed geopolitical tensions in the Middle East contributed as concerns about supply disruptions resurfaced. Market participants are awaiting cues from the U.S. Personal Consumption Expenditures Price Index (PCE) data for February on Friday, which will provide confirmation on the timing of potential rate cuts.
West Texas Intermediate (WTI) ends a three-day losing streak as the U.S. Dollar weakens, supply concerns
West Texas Intermediate (WTI) ends a…
West Texas Intermediate (WTI) ends a three-day losing streak as the U.S. Dollar weakens, supply concerns
West Texas Intermediate (WTI), the U.S. crude oil benchmark, rebounded on Monday as the U.S. Dollar staged a modest pullback, while renewed geopolitical tensions in the Middle East contributed as concerns about supply disruptions resurfaced. Market participants are awaiting cues from the U.S. Personal Consumption Expenditures Price Index (PCE) data for February on Friday, which will provide confirmation on the timing of potential rate cuts.