• China’s coronavirus crisis weighs on WTI price amid speculation of lower demand.
  • Eurozone threat to cap Russian and buoyant US dollar keep WTI on the defensive.
  • WTI Price Analysis: A daily close below $80.00 could pave the way for a fresh YTD bottom test.

Western Texas Intermediate (WTI), the US crude benchmark, remains modestly negative on concerns over weak demand in the crude market. Factors such as the ongoing outbreak of Covid-19 in China and…

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