2023-10-16 14:44:42
WTI crude futures fell more than 1%, breaking below $87 today. while investors sell to make profits After the price rose significantly earlier
At 9:23 p.m. Thai time, the West Texas Crude Oil Contract (WTI) will be delivered in November. which was traded on the NYMEX market, down 0.89 dollars or 1.01% to 86.80 dollars/barrel.
WTI oil prices surged nearly 6% on Friday amid concerns that The war in the Middle East may spread. following Iran warned that it would join the war If Israel launches a ground attack on Gaza
Mr. Antony Blinken, Secretary of State of the United States He met with Arab leaders to discuss the conflict between Israel and Hamas. and efforts to provide humanitarian assistance to the people of Gaza.
Mr. Blinken is scheduled to travel to Israel once more today. It is his second visit since Hamas attacked Israel on Oct. 7.
The United States is also reportedly secretly negotiating with Iran and has warned Iran not to intervene in the conflict situation between Israel and Hamas. This will make the conflict more severe.
Investors will be keeping an eye on the American Petroleum Institute (API) crude oil stock release tomorrow. This is before the US Energy Information Administration (EIA) releases the data on Wednesday.
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