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WTI crude oil futures settle at $73.71
The price of WTI crude oil futures are settling at $73.71. That's up $0.55 or 0.75%.The price of oil rebounded from lows of $71.34 on a report that Russia had nearly met its production quota cutbacks in April. That helped to turn sellers back into buyers. Also helping were reports the Biden administration's plans to start refilling the Strategic Petroleum Reserve (SPR) after maintenance. Downside influences in the European and early US session were Chinese import data which was much weaker than...
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Posted: May 9 2023, 18:45
Author Name: forexlive
Views: 110512