WTI Crude Oil rallies (again) as Trump rejects Iran peace proposal
Wednesday's EIA inventory data will test how tight US crude supply has become amid the prolonged Hormuz closure.
Given the rejection of the Iran peace proposal and the upcoming EIA inventory data, WTI crude oil prices are likely to experience upward pressure as supply concerns intensify. A potential rally in prices is expected.
Wednesday's EIA inventory data will test how tight US crude supply has become amid the prolonged Hormuz closure.
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