The WTI oil price is falling below the $83 level today. while investors sell to make a profit After the price rises faster
At 7:26 pm Thai time, West Texas crude oil price (WTI) for delivery in April. less $0.97 or 1.16% to $82.50/barrel.
WTI oil prices rose nearly 1%, breaking through the $83 level in yesterday’s trading. A response to the drop in crude oil exports from Iraq and Saudi Arabia. Including signs of recovery in demand in China and the US.
Investors will be keeping an eye on the US Energy Information Administration (EIA) crude oil inventory release this evening after the American Petroleum Institute (API) said crude stocks fell by 1.5 million barrels last week. Contrary to analysts who expected an increase of 10,000 barrels.
In addition, the market will keep an eye on the statement of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), tonight, as well as the policy interest rate forecasts (Dot Plot) of Fed officials. Find signs that point to the Fed’s first interest rate cut this year.
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