West Texas Intermediate (WTI) Crude Oil is extending its recovery for a fourth consecutive day on Wednesday, with the market staging a fresh leg higher immediately after the release of the US Energy Information Administration’s (EIA) weekly Crude Oil Stocks Change report.
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $62.98 per barrel, down from Monday’s close at $63.01.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.70 after its previous daily close at $66.75.
West Texas Intermediate (WTI) Crude Oil is under pressure heading into the weekend, with the price sliding over 3% on Friday to trade near $66.70, pulling back from its highest level near $70 since June 23, reached on Wednesday.