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WTI Crude Surges to Multi-Month High as Middle East Escalation Threatens Global Supply

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The Story

News Summary

  • WTI crude surged over 3% to multi-month highs following escalating Middle East conflicts.
  • The US destroyed five Iranian tankers, while Houthi drone strikes damaged Saudi energy infrastructure.
  • Combined with Ukrainian attacks on Russian refineries, global supply deficits are worsening rapidly according to the IEA.
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Stored market data

WTI price history

100.05 +69.03% over the displayed period

Advisor Snapshot

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