Thursday, 21 March 2024

WTI Oil Price Falls on Profit Taking from New Multi-Month High

by BD Banks

WTI Oil Price Falls on Profit Taking from New Multi-Month High

WTI oil price pulls back from new 4 ½ month high ($83.10), down 1.6% for the day so far, as traders collected profits ahead of Fed policy announcement. The oil price accelerated higher recently on fresh concerns about oil supply, following attacks on Russian refining installations and persisting threats of stronger disruptions. Stronger than expected […]

The post WTI Oil Price Falls on Profit Taking from New Multi-Month High appeared first on Action Forex.

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