WTI: Oil Price Extends Weakness on Renewed Demand Fears

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WTI: Oil Price Extends Weakness on Renewed Demand Fears

The WTI oil extends weakness on Wednesday, following nearly 6% fall on Tuesday, hitting one week low. The sentiment soured on renewed concerns about global demand, following a rebound in Covid cases and new lockdowns in China, world's top oil importer. Fresh weakness, after bulls got repeatedly trapped above Fibo 76.4% of $97.62/$76.25 ($92.58), dipped […]

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Source: WTI: Oil Price Extends Weakness on Renewed Demand Fears