 |
| Gold V.1.3.1 signal Telegram Channel (English) |
WTI dips below $99.00 on profit-taking, US-Iran tensions continue financialmirror.com
2026-09-11 @ 16:21
West Texas Intermediate traded around $98.50 during the early European trading hours on Friday. The benchmark US crude oil tumbled as traders take some profits amid technical oversold conditions and US crude inventories fall less than expected. WTI has risen over 10.25% during the week, the highest since May. However, the black gold faces some selling pressure as markets turn cautious ahead of the key US inflation data. Additionally, technical indicators signaled overbought conditions, hinting that a temporary sell-off cannot be ruled out in the near term. US crude oil inventories see a modest weekly draw. According to the Energy Information Administration (EIA),
Source: financialmirror.com