WTI Price Analysis: WTI rises and threatens the 200-day SMA at the end of the week Oil WTI Energy Commodities
ese stimulus to bolster the economy supports the price, while a slight recovery of the USD may limit the upside potential.
After the People Bank of China decided to hold its key rates steady, Bloomberg reported that Chinese policy makers are up to ease mortgage rates to bolster homebuying in the second-largest economy in the world due to recent economic downturns. In that sense, lower rates in the most prominent Oil importer of the world favour the price as a less aggressive monetary policy may strengthen the economy.
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