West Texas Intermediate (WTI) oil price remained relatively calm on Friday, hovering around $95.50 per barrel during European trading hours. This stability follows announcements by Australia and Japan regarding the release of fuel reserves, aimed at easing supply disruptions stemming from escalating tensions in the Middle East, particularly around Iran. Despite the geopolitical uncertainty, the market response has been muted, reflecting a combination of strategic reserve releases and careful monitoring by the International Energy Agency (IEA). In this article, the brokers at Winseterra share their expertise and offer a detailed analysis of the topic. Australia to Release 762 Million Litres...
August 12, 2026August 12, 2026