WTI
suffering for the second day
For the second day
West Texas Intermediate is under $100 per barrel, as traded yesterday at
$101.21 per barrel as the day high, then fall scoring $99.28 per barrel as the day
low, with average trading price $99.80 per barrel, today can be the worst in
seven weeks, as the market opened at $99.37 per barrel which is lower than
Monday closing price scoring late high at $99.57 per barrel.
That perhaps due to
the low demand on WTI delivery, which came with the Brazilian Auction about two
new giant fields in the deep water. Many
companies battling for that contract, those called Libra field contains more
than 12 billion barrels or China’s three years consumption.
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