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WTI: Oil Production Disruptions in Saudi Arabia Limit Price Decline
On Thursday, West Texas Intermediate (WTI)
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On Thursday, West Texas Intermediate (WTI) crude oil prices are offsetting previous gains amid a new wave of optimism that eases concerns regarding the conflict in the Middle East, shifting sentiment toward the stability of the ceasefire between the U.S. and Iran.On Wednesday, WTI oil prices fell nearly 10% after the announcement of a two-week ceasefire agreement between the U.S. and Iran. However, markets quickly became cautious due to doubts about compliance with the terms of the agreement. Iran reported
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