Day: January 8, 2024

08.01 – WTI’s sharp decline triggered by Saudi price cuts to Asian markets

US_Index_oksignals_article image

West Texas Intermediate (WTI) slid more than 4% on Monday as Saudi Arabia implemented price cuts, while the Organization of Petroleum Exporting Countries (OPEC) offset supply concerns amid geopolitical tension in the Middle East. At the time of writing, the US Crude Oil benchmark exchanges hands at $72.21 per barrel, a loss of 4.63%. Since […]

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