WTI crude oil regains $71.00 after volatile day, Middle East news, China inflation in focus – by anilpanchal7 Oil WTI SaudiArabia Iran OPEC
Dollar, as well as the latest headlines surrounding Saudi Arabia, to pare the previous day’s heavy fall ahead of China’s headlines inflation data.
Previously, rumors that the US and Iran have signed a nuclear deal and the same will allow the latter to overcome the Oil sanctions have drowned the WTI prices. However, the White House rejected such claims afterward and triggered the commodity’s rebound from the weekly low.
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