West Texas Intermediate (WTI), the U.S. crude oil benchmark, saw an early rebound this week but retreated due to unexpected data showing a significant build in U.S. inventories. Pressure from a strong dollar and upcoming cues on U.S. inflation and interest rates further dampened crude prices from their four-month highs.
West Texas Intermediate (WTI) slides
West Texas Intermediate (WTI) slides
West Texas Intermediate (WTI) slides
West Texas Intermediate (WTI), the U.S. crude oil benchmark, saw an early rebound this week but retreated due to unexpected data showing a significant build in U.S. inventories. Pressure from a strong dollar and upcoming cues on U.S. inflation and interest rates further dampened crude prices from their four-month highs.