Commodities
Home›Commodities›Energy›WTI Stages Sharp Comeback as Middle East Supply Risks…
WTI Stages Sharp Comeback as Middle East Supply Risks Intensify
December WTI crude oil futures are lower for the week, but the market has recovered a good portion of its early loss. The contract opened at $90.83, broke to $83.88, then rallied back to $88.20. At that price, WTI is down $2.63 for the week, or 2.90%. Traders took war premium out of crude after President Trump played down the possibility of new U.S. strikes on Iran. Higher Saudi production and a large build in U.S. inventories gave sellers more to work with. But attacks on Saudi energy infrastructure and continued threats to shipping brought buyers…
Latest closeWTI crude $88.65 ▼0.1%
← Newer storyWhy Falling Oil Prices Won't Save America From InflationOlder story →The catch in crypto’s Anthropic IPO rush: lock up your money and you…