The price of WTI  crude oil  futures are settling at $118.87. That’s up $2 or 1.71%.

The high price today reached $119.42. The low price extended to $115.23.

One week ago today, the price closed at $115.07. That puts the gain for the week at $3.80 or 3.3%.

The high for the week reached $119.98 on Monday. The low for the week extended to $111.20. That was a yesterday after the OPEC+ decision.

Working in favor of the upside was China reopening along with continued low inventories. The weekly inventory data in the US this week showed a larger than expected to draw of -5.06 million barrels this week.

This despite record high prices at the pump in the US.

Crude oil stretches above resistance at $117.84

Source link

Articles You May Like

Key Analysis & Emerging Opportunity
FX option expiries for 22 July 10am New York cut
Japan data – June exports +5.4% y/y (expected 6.4%) & imports +3.2% y/y (expected 9.3%)
USDCHF rebounds near resistance at 0.8900, potential for reversal
Unnamed sources say that all 50 Democratic US State Chairs back Harris

Leave a Reply

Your email address will not be published. Required fields are marked *