WTI gains after Industrial production declining in
U.S. reaching satisfactory levels counting the critical events in the period of
late September and early October. A bit higher Industrial production than
expected gave investors a hope in U.S economy again and increased the demand on
WTI for trading which gave it a push to gain some points reaching $98.79 per
barrel $1.01 per barrel higher than the day before - when recorded downward
graph for the whole day - to stay on trading average $98.45 per barrel most of
the day.
Today, WTI started
at the level of $98.42 per barrel almost the same range with yesterday’s
average trading price swinging between $98.51 and $98.22 per barrel as day’s
recorded high and low following the same bullish trend as 24 hours ago.
This upward wave
expected to stay till the weekend waiting Chinas production index to know
exactly what is the next move sense China decreased its crude oil bill of
October so that what pulled oil prices down for this week.
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