Traders Cautiously Optimistic About Crude

Weekly Performance and Overview As the week concludes, West Texas Intermediate (WTI) crude oil is experiencing a modest gain, increasing by approximately 1.35%. This movement reflects the interplay of global economic data, currency fluctuations, and geopolitical developments. US Economic Data and Dollar’s Influence A significant factor in this week's oil price movement has been the U.S. economic data, particularly the January retail sales figures, which showed a 0.8% decrease. This decline was more substantial than expected, resulting in…