Daily Market Analysis from Investizo.com

Fundamental analysis WTI for 26.02.2024


While the global oil market is under pressure and uncertainty, the price of WTI crude oil fell and reached 76.00.

The main reason for this fall is the increase in interest rates around the world, which limits economic activity and, in turn, reduces oil consumption and decreases demand. Federal Open Market Committee meeting minutes and hawkish comments from Fed officials point to concerns about continued inflationary pressures, lower short-term interest rates and the need to keep debt payments on hold. These ideas traditionally and naturally lead to lower oil prices.

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