West Texas Intermediate (WTI) oil price pauses its two-day winning streak but is anticipated to conclude the week on a positive note, trading near $77.00 per barrel during the Asian session on Friday.
Oil prices are paring back earlier gains after Oil prices surged near 6% since its opening price on Monday for this week. The upmove came after more and more shipping companies called for the longer haul around Africa instead of venturing the Suez
Oil prices are in the green with surging tensions and calls for more premium to be priced into the oil prices. Russia might be forced to breach its production cut promises for OPEC even further with Ukraine attacking strategic oil storage sites inside