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WTI. Price Analysis. Forecast. Increased Maritime Traffic Through the Strait of Hormuz Restores Oil Supply Volumes
On Wednesday, the price of American
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On Wednesday, the price of American West Texas Intermediate (WTI) crude oil continued its significant decline, dropping by 4.40% in a day to the round level of $70.00. Such prices were last observed in March of this year.This benchmark oil grade has virtually lost its "geopolitical risk premium" that arose from the conflict between Israel and Iran and is striving to return to pre-conflict levels (approximately $67).Selling pressure has intensified amid easing concerns about prolonged disruptions to energy exports from
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