West Texas Intermediate (WTI) crude oil prices remained steady on Wednesday, trading near one-month lows as traders reacted cautiously to the latest report from the US Energy Information Administration (EIA). Despite the mixed signals from the EIA, which indicated a significant build in crude inventories, WTI held firm around $70 per barrel, reflecting ongoing concerns about demand dynamics amid fluctuating economic indicators.
The muted trading environment also coincided with shifts in the currency markets, as the USD faced pressure against major pairs like the EUR/USD. As investors digest the EIA data and assess its implications for future crude demand, fluctuations in the exchange rate may further influence oil pricing. The market remains vigilant, watching for any signs of recovery or additional inventory trends that could impact trading strategies in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 19:15
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.