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WTI Price Forecast: Eyes $80.00 amid US-Iran tensions and mixed technical setup

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on the previous day's modest bounce from levels just below the mid-$77.00s and gains some follow-through positive traction during the Asian session on Tuesday.

WTI Price Forecast: Eyes $80.00 amid US-Iran tensions and mixed technical setup

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Venezuela’s Oil Exports Fall Even as U.S. Shipments Hit Seven-Year High

Venezuela exported 1.16 million barrels of crude oil daily last month, a slight decline from June’s 1.2 million barrels daily, on lower withdrawals from storage, Reuters has reported, noting that…

  • Venezuela's crude oil exports decreased in July to 1.16 million barrels daily.
  • U.S. imports of Venezuelan oil hit a seven-year high at 786,000 barrels daily.
  • Global oil exports declined due to reduced storage withdrawals.

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