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Crude Oil: WTI Prices Decline for Second Day Amidst Expectations of OPEC+ Production Hike
4 day ago /
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Author：小编
Crude oil prices witnessed a second consecutive day of decline, with West Texas Intermediate (WTI) trading at approximately $66.10 per barrel during the Asian trading session. Market participants are bracing for a potential increase in production by OPEC+ at their upcoming meeting, heightening concerns over a glut in supply. Furthermore, U.S. President Trump's tariff threats have injected additional uncertainty into the market. Despite the easing of geopolitical tensions, oil prices remain under pressure due to weak fundamentals in the supply-demand balance and lingering doubts about policy adjustments.
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