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 Argentina's Inflation Eases in Milei's Debut Month Amid Economic Overhaul READ MORE U.S. National Debt Soars to Dizzying Heights, Joining Global Debt Pile-Up READ MORE Crude Oil's Upward Momentum Stalls Amid Signs of Overbought Market READ MORE Ron Paul Urges End to Fed, Don't Tax the Rich READ MORE Fed's Waller Confirms: U.S. Dollar to Retain Its Global Reserve Currency Status READ MORE Add a Comment Cancel replyYour email address will not be published.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