Traders Remain Cautious Amid Oil Price Volatility

After facing declines for three straight sessions, October West Texas Intermediate (WTI) crude oil prices rebounded on Thursday. However, despite the greenback weakening and China's central bank pushing for economic recovery, the market is still poised to finish lower for the week. Key indicators reveal oil's volatile trajectory this week, impacted by multiple global factors. OPEC+ and the Global Supply The OPEC+ alliance, consisting of oil magnates like Saudi Arabia and Russia, remains influential in determining the supply landscape. Despite OPEC+…