Challenges Persist: Short-Term WTI Outlook Amidst Sliding Crude Oil Prices and Rising U.S. Stocks

Challenges Persist: Short-Term WTI Outlook Amidst Sliding Crude Oil Prices and Rising U.S. Stocks

104K

『Join Everything Trading Today for FREE! 😱 Subscribe Now at https://everythingtrading.com 』 Dive into the dynamic realm of financial markets with our expert speaker, Daniel Ang, by joining Everything Trading Daily Market Movements. Gain exclusive insights and stay ahead of market trends. --------------------------------------------------------------------------------------------------------- ▶️Short-Term WTI Outlook – Thursday, November 9, 2023 ◀️ Crude oil prices slid to more than 3-month lows on concern over waning U.S. and Chinese demand, with the West Texas Intermediate (WTI) crude losing $2.04 to settle at $75.33. Also weighing on prices was data showing U.S. crude oil stocks rose by almost 12 million barrels last week, according to the American Petroleum Institute (API). This represents the biggest build since February.