WTI Crude Oil prices have rebounded above $57.00, recovering from a two-week low near $56.00 during the Asian trading session. This uptick follows heightened geopolitical risks, which have injected volatility into the oil market. As the US session approached, WTI reached an intra-day high of $57.59, suggesting a potential shift in market sentiment.
The recovery in WTI prices could impact the USD, particularly against other currencies like EUR. Traders are closely monitoring these developments, as fluctuations in oil prices often influence exchange rates and broader market dynamics. The rise in oil prices may also have implications for inflation expectations and monetary policy, keeping market participants on alert.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 13:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.