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WTI Crude Tumbles 3% as IEA Warns of Steep Global Oil Demand Slump

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The Story

News Summary

  • WTI crude fell nearly 3% following warnings from the IEA that high prices and constrained supply will trigger the largest drop in global oil demand since the pandemic.
  • A mostly bearish EIA report and record U.S.
  • crude production of 13.95 million bpd added further downward pressure.
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Stored market data

WTI price history

103.29 +71.18% over the displayed period

Advisor Snapshot

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