Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap Narrows Oil prices climbed past $80 a barrel, continuing their upward momentum as breaking this significant threshold spurred further purchasing. West Texas Intermediate (WTI) experienced a notable increase, rising up to 3.3% and hitting its highest intraday prices since November. This uptick is reflected in crude’s time spreads—a measure of market conditions—showing a sharp rise this week, indicating a tightening in supply and demand. The rally underscores the current market dynamics, where supply constraints and increasing demand are pushing prices higher. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Great Cash-Out: Billionaires Have Sold a Combined $11 Billion in Company Stock This Month READ MORE Crucial Week Ahead: Key Reports to Influence Fed's Rate Policy Decisions READ MORE Fed officials see three rate cuts ‘reasonable’ this year READ MORE 56% of Americans can’t afford a $1,000 emergency expense: We are ‘living in a paycheck-to-paycheck nation,’ money expert says READ MORE Oil Prices Waver as U.S. Stockpile Growth Meets OPEC+ Supply Cut Speculation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
