Crude oil futures are in a position to close higher for the week after recovering from earlier setbacks. Notably, both Brent and West Texas Intermediate (WTI) crude futures reached one-week highs, driven by positive demand signals from China and the U.S. This recent uplift positions the market to potentially break a four-week decline, providing a critical moment for traders monitoring market directions.
US Demand Insights In the U.S., the crude price gains were moderated by concerning demand data. According to the latest Energy Information Administration…Stronger Chinese Oil Imports May Send WTI Above $80
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