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WTI Crude Dips on Profit-Taking but Locks In 9% Weekly Gain

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • WTI crude pulled back 2.4% to settle at $100.05 a barrel, securing a 9.4% weekly gain.
  • The daily dip reflects profit-taking and IEA demand concerns, but escalating Middle East tensions and Houthi strikes near critical shipping straits maintain strong underlying geopolitical support.
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Stored market data

WTI price history

100.05 +69.03% over the displayed period

Advisor Snapshot

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