WTI Will Fail To Close Above $89 Despite Rally

WTI will fail to close above $89 on August 19 as intraday gains stall below the critical level. Futures had climbed to $84.94 at the August 18 settlement and were quoted around $85.31 at 0004 GMT on August 19, with trading around $84.80 during Asian hours. President Donald Trump insisted no talks w…