WTI bears seem hesitant near $88.00 as Hormuz risks counter Iran diplomacy hopes

Image via FXStreet

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day's goodish rebound from sub-$85.00 levels, or over a three-week low, and remains depressed for the third straight day on Thursday.

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AI Executive Brief

/ The price of WTI crude oil is struggling to rise above $88.00 after a recent drop below $85.00.
/ Geopolitical risks in the Strait of Hormuz are countering hopes for diplomatic progress with Iran.
/ The price of oil remains depressed for the third consecutive day.

AI-generated summary for informational purposes. Verify with original source.

WTI bears seem hesitant near $88.00 as Hormuz risks counter Iran diplomacy hopes

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