West Texas Intermediate (WTI) crude oil prices remained stable at the start of the European trading session on Tuesday, holding steady at $59.32 per barrel. This price reflects little change from Monday's close, indicating a period of consolidation in the market. Traders are closely monitoring global economic indicators and geopolitical tensions, which could influence future price movements.
The neutral stance in WTI prices comes amid fluctuations in the USD and EUR exchange rates, affecting broader market sentiment. As oil is priced in USD, any significant changes in the currency pair dynamics could directly impact trading strategies. Investors are likely to keep an eye on upcoming economic data releases that may provide further direction for the crude oil market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 07:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.