WTI drifts higher above $95.50 on US-Iran tensions, Strait of Hormuz disruption fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.70 during the early Asian trading hours on Tuesday. The WTI price edges higher amid renewed geopolitical tensions in the Middle East.
Given the heightened geopolitical tensions and fears of disruption in the Strait of Hormuz, WTI prices are likely to continue trending higher in the short term. Market participants may react with increased buying pressure, pushing prices above $95.70.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.70 during the early Asian trading hours on Tuesday. The WTI price edges higher amid renewed geopolitical tensions in the Middle East.
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