Raw petroleum Price Update – Selling Momentum Could Drive Crude into $54.72 to $53.98.
U.S. West Texas Intermediate raw petroleum prospects are exchanging lower on Tuesday following yesterday’s precarious decrease. The market was hit hard on Monday, falling 3.11%, after U.S. President Donald Trump approached OPEC to facilitate its endeavors to support the market. Since January 1, OPEC and its partners, including Russia, have been diminishing generation by about 1.2 million barrels for every day (bpd).
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