WTI Drops over 1%
Publish Date : 2019/09/30 - 11:27

WTI resumed its last week’s decline and hit fresh session lows just ahead of the 55 handle, as the bears regained poise amid rising concerns over the demand for the fuel, as the global economic growth continues to weaken, in the face of US-China trade war.

The barrel of WTI extended losses in the European trading amid mixed market sentiment, as traders digest the latest development around the US-China trade scenario and refrain from placing big bets on the higher-yielding oil, in absence of growing trade uncertainty.

Source: Bloomberg

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