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WTI Surges 9.7% Weekly as Middle East Tensions Threaten Supply

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

News Summary

  • Crude futures settled higher to cap a strong weekly rally, with WTI gaining 9.7% following U.S.
  • strikes on Iranian targets and shipping disruptions in the Strait of Hormuz.
  • A larger-than-expected 4.5 million barrel crude draw in EIA inventories further bolstered bullish market momentum.
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Stored market data

WTI price history

100.05 +69.03% over the displayed period

Advisor Snapshot

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