WTI recovers after choppy week
Another see-saw week for WTI crude oil prices is entering its final session, but the buyers have retained control.
After slumping on Tuesday, the commodity found buyers on Wednesday, closing above the $72.00 level. Thursday saw further gains, helping to reverse the looming bearish view and putting the price back on course to test the week’s high around $77.25.
This continues to alter the medium-term view from bearish to neutral, but the world still awaits an Israeli response to the Iran attacks, which may drive the price higher.