WTI Crude Oil Continues Rebound Recently broke the level of $ 87 amid concerns about tight oil conditions.
At 11:01 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in October. Which traded on the NYMEX plus $ 0.39, or 0.45%, to $ 87.08 / barrel.
WTI oil prices closed higher yesterday to a 10-month high on news Saudi Arabia and Russia announced an extension of voluntary oil supply cuts until the end of 2023.
Saudi Arabia announced a voluntary cut in oil production by 1 million barrels per day until the end of the year. While Russia has extended the cut in oil exports to 300,000 barrels per day until the end of the year as well.
Investors are keeping an eye on the American Petroleum Institute (API) crude stocks release today, ahead of the US Energy Information Administration (EIA) release tomorrow.
2023-09-06 16:09:05
#price #WTI #oil #surging
