West Texas Intermediate (WTI) retreats from the $83 objective. A neutral stance is now maintained
crystalballfinance.substack.com
West Texas Intermediate (WTI) oil prices dropped Wednesday after reaching multi-month highs in the previous session, and its objective at $83.00. Earlier, the Federal Reserve's decision to maintain interest rates had a limited impact on oil markets, while economic data showed a rise in exports, increased refinery activity, and a larger-than-expected decrease in gasoline inventories, according to the Energy Information Administration (EIA).
West Texas Intermediate (WTI) retreats from the $83 objective. A neutral stance is now maintained
West Texas Intermediate (WTI) retreats from…
West Texas Intermediate (WTI) retreats from the $83 objective. A neutral stance is now maintained
West Texas Intermediate (WTI) oil prices dropped Wednesday after reaching multi-month highs in the previous session, and its objective at $83.00. Earlier, the Federal Reserve's decision to maintain interest rates had a limited impact on oil markets, while economic data showed a rise in exports, increased refinery activity, and a larger-than-expected decrease in gasoline inventories, according to the Energy Information Administration (EIA).