WTI Crude Regains Ground Near $80 on Supply Risks
West Texas Intermediate crude futures rose about 0.4% to around $81.40 in early European trading as energy supply risks continued to support prices.
WTIUSD
NYMEX West Texas Intermediate futures were trading around $81.40 during early European hours, a gain of about 0.4% on the session. The recovery kept the contract close to the $80 level.
Market participants cited continued energy supply risks as the key factor behind the bid. The modest bounce suggests buyers were defending the area near the round $80 handle, although the update did not specify new supply disruptions.
Source: FXStreet Forex News