Thursday , 12 December 2024
Home Forex Crude Oil rises on Wednesday, WTI taps $70 per barrel
Forex

Crude Oil rises on Wednesday, WTI taps $70 per barrel

West Texas Intermediate (WTI) Crude Oil prices rallied on Wednesday, jumping around 2.75% and clipping into $70 per barrel after the Energy Information Administration (EIA) reported a steeper drawdown in US Crude Oil reserves than energy traders anticipated.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Fed faces a tougher battle against inflation than the ECB: US$ to stay stronger than EUR

A snippet only from Deutsche Bank, remaining bullish on the US dollar:dollar...

Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting

Goldman Sachs: We think the Bank of Japan has not yet reached...

China to expand its private pension plan nationwide – from Monday December 15

China to expand its private pension plan nationwide - from Monday December...

Australia Posted Strong Hiring Growth in November, Jobless Rate Down to 3.9%

Australia’s labor market showed considerable strength in November, with employment growing more...