Increase in the Price of WTI Crude Oil
On Wednesday, WTI crude oil futures experienced a notable surge, rising above $71 per barrel. This increase follows a 2% gain from the previous session, driven by escalating tensions in the Middle East, particularly after Iran’s missile launch aimed at...
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Significant Decline in US Crude Oil Inventories
In the week ending September 20, 2024, US crude oil inventories experienced a substantial decline of 4.471 million barrels, significantly exceeding market expectations of a 1.4 million barrel decrease. This sharp drop follows a previous decline of 1.63 million barrels...
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Crude Oil Price Volatility Rises
WTI crude oil futures fluctuated around $70.8 per barrel on Thursday, as the market reacted to the potential for supply disruptions stemming from escalating tensions in the Middle East. Prices attempted to recover from the previous session’s losses, with traders...
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