West Texas Intermediate (WTI) crude oil climbed above $69.00 per barrel on Thursday following reports that Iranian forces struck commercial vessels in the Strait of Hormuz, a critical chokepoint for global oil shipments.
As the first attacks of the Iran war began and the Strait of Hormuz was shuttered, markets wasted little time pricing in the expected devastation in oil markets. Oil prices skyrocketed overnight ... enhanced and published by maps4media via Getty Images ... J.
) WTICrude Oil futures began the week on steady ground, settling unchanged at 68.50 and returning to price levels observed prior to the late February conflict outbreak ...AttachmentsOriginal document Permalink. Disclaimer ... (noodl. 132928206) .
The prospect of additional barrels entering the market has been a primary factor capping WTI’s upside, even as demand forecasts remain relatively stable ... Why is WTI crude oil price rising despite OPEC+ production hikes?.