WTI Oil Futures Consolidate Near 3-Month Peak

<p>WTI oil futures (September delivery) have been in a steady uptrend since late June, crossing above both the 50- and 200-day simple moving averages (SMAs) as well as the descending trendline that connects their lower highs since September 2022. However, in the last couple of daily sessions, oil has shown signs of consolidation near its three-month […]</p>
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