
- WTI price posts modest gains near $71.60 in Thursday’s early European session.
- US crude oil inventories dropped by 1.442 million barrels last week, according to the API.
- A slower path of the Fed easing cycle and the weak Chinese demand could weigh on the WTI.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.60 on Thursday. The WTI price trades with mild gains after the American Petroleum Institute (API) weekly report showed US crude stockpiles continued to shrink.
A fall in US crude inventories last week provides some support to the WTI. The API weekly report showed crude
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