WTI crude oil futures rose more than 2% to $74 as investors entered speculative orders into the market. after the previous price crash
At 18:59 Thai time, West Texas crude oil (WTI) contract for February delivery Che traded on the NYMEX plus $1.63, or 2.24%, to $74.47 a barrel.
Oil prices tumbled more than 9% in trading on Tuesday and Wednesday, the biggest two-day drop since 1991 amid recession fears.
Oil prices were also supported by the closure of US pipelines by the Colonial Corporation. Pipeline for maintenance It is expected to return to open the pipeline on January 7th.
Investors are keeping tabs on today’s release from the US Energy Information Administration (EIA), with analysts expecting US crude stockpiles to rise by 2.2 million barrels last week.
