Friday , 20 September 2024
Home Forex Crude Oil bumps higher on supply draws, WTI knocks on $81.00
Forex

Crude Oil bumps higher on supply draws, WTI knocks on $81.00

West Texas Intermediate (WTI) US Crude Oil knocked into its highest bids in over three months, etching in a new high of $81.05 on Thursday as barrel traders rebalance their price outlook after US Crude Oil stocks fell more than expected this week and the Internation Energy Agency (IEA) lifted their demand growth outlook.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Crude Oil Technical Analysis – Testing a key resistance

Fundamental OverviewCrude oil continues to remain supported as the buyers might be...

BOE’s Mann: Policy needs to stay restrictive to purge inflationary behaviours

It is better to remain restrictive for longerWe can cut more aggressively...

Gold Technical Analysis – The fall in real yields drives the price higher

Fundamental OverviewThe Fed this week finally started its easing cycle and decided...

BOJ governor Ueda: Easy monetary conditions are in place as real rates remain negative

US economy achieving soft landing is our main scenarioIf US economy achieves...