WTI slips below $66.00 on rising US inventories and supply-demand worries
West Texas Intermediate (WTI) crude weakened for a second straight session, trading near $65.90 per barrel during Wednesday’s European session. Prices came under pressure after a sharp increase in US crude stockpiles heightened concerns about oversupply, while traders wait for the Energy Information Administration (EIA) data release later in the day. According to the American […]
USD/INR steadies ahead of US-Iran talks and India’s Q4 GDP data
The Indian Rupee (INR) was largely unchanged against the US Dollar (USD) on Wednesday, with the USD/INR pair hovering near the 91.00 mark. Traders remained cautious ahead of the upcoming nuclear negotiations between the United States and Iran scheduled for Thursday, as well as India’s fourth-quarter GDP figures due on Friday. Market participants are closely […]