WTI Crude Oil rebounds into $73.00 on supply drawdown expectations, rate cut hopes

Further gains are on the cards for West Texas Intermediate (WTI) US Crude Oil after a recovery rally on Wednesday propped up barrel bids to retest the $73.00 handle as the Organization of the Petroleum Exporting Countries (OPEC) is set to bring about further production cuts in an effort to bolster flagging Crude Oil prices.