After rising nearly 2% on Wednesday, the barrel of West Texas Intermediate (WTI) spent the first half of the day consolidation its gains near $40. However, with the market mood turning sour during the American session, the WTI fell sharply and touched its lowest level in two weeks $37.60 before recovering modestly. As of writing, the WTI was down 4.15% on a daily basis at $38.18.


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