West Texas Intermediate (WTI) crude oil saw a modest increase on Tuesday, trading around $60.50 per barrel, reflecting a gain of nearly 1.35% for the day. This upward movement comes amid persistent concerns over a growing supply surplus that continues to weigh on market sentiment.
Traders are juggling these supply forecasts with geopolitical developments that could impact oil demand. As WTI strengthens in the face of surplus fears, currency pairs involving the USD may experience fluctuations, influencing exchange rates and overall trading strategies in the energy sector. The interplay between supply dynamics and geopolitical factors remains critical for market participants.
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Data Source: FX Killer Analysis Team Updated: 2025-11-18 19:16
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.