14 Sep, 23

Oil Price Rally Sees WTI Top $90

UncategorizedNo Comments

West Texas Intermediate (WTI) soared past $90 in Thursday morning trading, up over 30% in three months, driven by sustained OPEC+ production cuts and indications that a tighter market is coming.  At 10:51 a.m. ET on Wednesday, WTI was trading at $90.14, up $1.62 on the day for a gain of 1.83%.  WTI’s flirtation with the $90 mark comes a day after the International Energy Agency (IEA) warned that Saudi-led OPEC+ production cuts would create a “significant supply shortfall” that would send oil prices surging amid…

Leave a Reply

Your email address will not be published. Required fields are marked *

This field is required.

This field is required.