Mumbai, Feb. 7 -- WTI crude oil prices are lingering around its lowest level for the year 2025 so far amid increasing worries about a slowing global economy and weakening energy demand in China, the world's top oil importer. Moreover, the US reported a much bigger-than-anticipated jump in crude stockpiles last week, signaling weaker demand. Nevertheless, rising geopolitical tensions in the Middle East could provide some support to the WTI price. Currently, the counter is quoting at $70.93 per barrel, an over 5 week low and set for a weekly decline of over 2%.
Published by HT Digital Content Services with permission from Capital Market....