WTI Nears $83 as Traders Respond to U.S. Economic Slowdown Oil prices advanced, with West Texas Intermediate (WTI) closing near $83 a barrel, buoyed by the prospect of looser monetary policies which helped counterbalance diminishing geopolitical risk premiums. The oil market’s gain was mirrored by a rally in equities, sparked by a report indicating this year’s slowest growth in U.S. business activity—a development viewed by traders as a potential precursor to Federal Reserve interest rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Thailand Pension Fund Bets on Gold and Commodities to Offset Weak Stocks READ MORE Oil Prices Waver Amid Red Sea Shipping Risks and Geopolitical Tensions READ MORE The Largest Gold Reserves by Country Visualized READ MORE Gold Price Trades With a Positive Bias for the Sixth Straight Day READ MORE Dollar's Dominance Under Scrutiny: Morgan Stanley's Perspective READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment