WTI Oil Rebounds to $80.80 as Supply Fears Offset Demand Concerns
WTI crude is up 0.40% on Friday to around $80.80, recovering after two days of losses as Middle East supply concerns outweigh demand worries.
WTI
West Texas Intermediate crude is trading around $80.80 on Friday, up 0.40% on the day. The move follows two consecutive sessions of declines.
Investors remain concerned about potential energy supply disruptions in the Middle East, and those supply tensions are currently outweighing demand concerns. The rebound leaves US oil attempting to stabilize after the recent correction.
Source: FXStreet Forex News