West Texas Intermediate (WTI) is under pressure on Friday as markets respond to a growing global supply outlook and remain cautious on demand prospects.
United States (US) President Donald Trump said on Friday that he had a good meeting with Federal Reserve (Fed) Chairman Jerome Powell on Thursday and added that the got the impression Powell might be ready to cut interest rates, per Reuters.
The US Dollar's recovery from multi-week lows against the Swiss Franc, at 0.7910, has failed to gain significant acceptance above 0.7965 and pulled back in the early European market session, leaving the pair practically unchanged in the daily chart.The Grenback rallied on Thursday after US business