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    WTI extends downside to near $75.00 amid uncertainties

    Author AvatarBy Ruby Chambers No Comments 10 Mins Read
    • WTI price edges lower to around $75.00 in Thursday’s early Asian session.
    • Trump tariff threats weigh on the WTI price.
    • API reported an unexpected crude oil inventory build last week. 

    West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $75.00 on Thursday. The WTI price extends its decline to a fresh one-week low as traders assess how US President Donald Trump’s proposed tariffs could affect the global energy demand and economy. 

    Trump said on Monday that he was considering imposing 25% tariffs on Canada and Mexico while discussing imposing a 10% tariff on goods imported from China on February 1.

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    She is a seasoned financial market analyst, specializing in Forex and cryptocurrency news. With a sharp eye for trends and a deep understanding of global markets, she provides insightful commentary and analysis, helping traders and investors stay informed and make strategic decisions. Her expertise bridges the gap between complex market data and practical, actionable advice.

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