WTI Crude oil futures tried to edge up after testing the lowest level since January on worries over a global slowdown. Prices were also hurt due to the US dollars surge to an all-time high on Wednesday. The recent wave of selling ensured that oil gives back all the gains after the latest output cut from OPEC. Markets focused vehemently on developments in China, the worlds biggest oil importer. Chengdu in Sichuan has extended a stay-at-home order for its 21 million residents, while the capital Beijing also continued to see new cases. WTI Crude oil is currently trading at $82.18 per barrel, up marginally on the day. Powered by Commodity Insights
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