WTI Crude Approaches 7-Month Low

Crude Oil

WTI crude oil futures fell below the $72.2 per barrel mark on Tuesday, the lowest since touching a seven-month low of $71.9 in August as muted demand magnified the impact of relatively ample supply. New data from China exacerbated concerns that economic growth from one of the world’s largest oil consumers is unlikely to bounce back this year, with key gauges of domestic factory demand dropping more than expected in August.

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शिपिंग आपूर्ति संबंधी चिंताएँ जारी रहने से कच्चे तेल में उछाल आया है

WTI Crude Oil

सोमवार को शुरुआती एशियाई कारोबार में तेल की कीमतों (Crude Oil Prices) में बढ़ोतरी हुई, जिससे लगातार तीसरे दिन बढ़त रही, क्योंकि शिपिंग व्यवधान से आपूर्ति संबंधी चिंताएं बढ़ गईं। ब्रेंट क्रूड वायदा 16 सेंट या 0.2% बढ़कर 82.69 डॉलर प्रति बैरल हो गया, जबकि यूएस वेस्ट टेक्सास इंटरमीडिएट क्रूड फ्यूचर्स (WTI) 15 सेंट या 0.2% चढ़कर 77.73 डॉलर प्रति बैरल हो गया।

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WTI futures is continuously struggling to surpass the magical figure of $100.00

West Texas Intermediate (WTI), futures is continuously struggling to surpass the magical figure of $100.00 from the entire week. The oil prices have remained sideways amid the unavailability of any potential trigger that could guide the asset to a directive move. The black gold has traded in a $96.28-100.70 range and is likely to continue its consolidation further.

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