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FX Desk

WTI set for monthly gain amid US-Iran stalemate

By FXStreet

WTI set for monthly gain amid US-Iran stalemate

West Texas Intermediate (WTI) Oil rebounds on Wednesday and remains on track for a monthly gain of around 5.5%. The lack of progress in US-Iran negotiations to reopen the Strait of Hormuz keeps geopolitical risks elevated, even as Middle East supply conditions improve.

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Source: FXStreet