West Texas Intermediate (WTI) reverses its downward movement
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West Texas Intermediate (WTI), the U.S. crude oil benchmark, rose on Thursday due to expectations of tighter supplies, especially with reduced Russian production. Prices were supported by ongoing production cuts by Russia, Saudi Arabia, and other OPEC members and diminished fuel supplies in Russia following Ukraine's attacks on its refineries.
West Texas Intermediate (WTI) reverses its downward movement
West Texas Intermediate (WTI) reverses its…
West Texas Intermediate (WTI) reverses its downward movement
West Texas Intermediate (WTI), the U.S. crude oil benchmark, rose on Thursday due to expectations of tighter supplies, especially with reduced Russian production. Prices were supported by ongoing production cuts by Russia, Saudi Arabia, and other OPEC members and diminished fuel supplies in Russia following Ukraine's attacks on its refineries.