Commodities
Home›Commodities›Energy›Oil Prices Hold Near $100 as Middle East Risks Offset…
Oil Prices Hold Near $100 as Middle East Risks Offset Peace Hopes
December WTI crude oil is nearly unchanged for the week, but the flat result hides a rough ride. The contract opened at $99.04, rallied to $101.37, then broke to $95.25 before recovering back to its opening level. At 00:19 GMT, December WTI crude oil is trading at $99.29, up $0.25 or +0.25% for the week. The high matched the June contract high. The low came on peace-talk headlines. Neither side won the week. Buyers could not hold the breakout, but sellers could not keep the market under pressure after the break. The Peace-Talk Trade Did Not Stick…
Latest closeWTI crude $103.44 ▲4.0%
← Newer storyUS Dollar: Safe-haven role questioned as AI story weighs – INGOlder story →Why Smart Investors Are Selling Oil Stocks and Buying MLPs