West Texas Intermediate (WTI) oil prices have taken a bearish turn as the European trading session opens, currently priced at $58.35 per barrel. This marks a decline from Wednesday's closing figure of $58.49. Market sentiment appears cautious, influenced by ongoing concerns over global demand and potential economic slowdowns.
Similarly, Brent crude has also experienced a dip, trading at $62.25 compared to its previous close of $62.43. The softening prices in both benchmarks highlight the volatility in the oil market, which is closely tied to fluctuations in the USD and overall investor sentiment. Traders will be keeping a close watch on upcoming economic indicators that could further impact these key exchange rates.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 07:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.