West Texas Intermediate (WTI) crude oil prices experienced a downturn during the Asian trading session on Wednesday, hovering around $57.70 per barrel. This decline follows two days of gains, with WTI now facing a nearly 3% drop for December. The commodity is on track for a fifth consecutive monthly loss, reflecting broader market concerns.
The annual outlook for WTI remains grim, with prices poised for an approximate 20% decline by year-end. Factors influencing this trend include fluctuating demand projections and ongoing geopolitical tensions, which have weighed heavily on oil market sentiment. As WTI struggles at these levels, traders are reassessing the potential impact on related currency pairs, particularly the USD against other currencies, amid ongoing volatility in the energy sector.
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Data Source: FX Killer Analysis Team Updated: 2025-12-31 03:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.