WTI Crude Futures Rise 3% Amid Concerns about Tight Oil: Saudi Arabia and Russia Announce Supply Cuts
WTI crude futures rose nearly 3% to $79 amid concerns about tight oil. At 00:01 Thai time, West Texas Crude Oil Contract (WTI) for delivery in September. which traded on NYMEX plus $ 2.16, or 2.8 percent, to $ 79.25 per barrel. Saudi Arabia and Russia announced cuts in oil supply in the market. Saudi … Read more