Crude oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $66.41 per barrel, up from Wednesday’s close at $66.22. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $69.33 price posted on Wednesday, and trading at $69.50

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US Dollar Index falls to near 104.00 amid improved risk sentiment, growth concerns

The US Dollar Index (DXY), which measures the US Dollar (USD) against six major currencies, is trading around 104.00 during the European hours on Thursday. The DXY extends its losing streak for a fourth consecutive day amid improved risk sentiment, driven by another shift in US President Donald Trump’s tariff strategy.

On Wednesday, the White House announced a temporary one-month exemption for automakers in Mexico and Canada from the newly imposed 25% import tariffs. Additionally, Trump is considering excluding certain agricultural products from tariffs on both countries, according to a Bloomberg reporter on X.

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