West Texas Intermediate (WTI) crude oil prices have rebounded to approximately $68.00 per barrel, recovering from recent declines. This uptick is attributed to expectations of tighter near-term supply and a modest increase in demand. However, the strengthening U.S. dollar poses a potential cap on further gains, as a stronger dollar makes oil more expensive for holders of other currencies, potentially dampening global demand. Market participants are closely monitoring upcoming U.S. inflation data and Federal Reserve communications for indications on future monetary policy, which could influence both the dollar’s trajectory and oil prices.
Powered by
TOP SECTOR EUR STABLECOIN
(0%)
TOP CRYPTO MARKET CAP
$0.00T
24H VOLUME
$0.00B
BTC DOMINANCE
0.0%
ETH DOMINANCE
0.0%
TOP SECTOR EUR STABLECOIN
(0%)
TOP CRYPTO MARKET CAP
$0.00T
24H VOLUME
$0.00B
Menu
