Escalating Middle East Tensions Underpin Crude Prices
Updated Price for Crude Oil WTI (NYMEX: CLU17). Charting, Price Performance, News & Related Contracts.
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Updated Price for Crude Oil WTI (NYMEX: CLU17). Charting, Price Performance, News & Related Contracts.
Oil prices maintained their upward momentum, reaching the highest level in the past five months, as signals pointed to tighter supplies.
Saudi Arabia has hiked the prices of most of its crude grades for May as Middle Eastern benchmarks are strengthening in a tight market.
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According to the agency, the price of Arab Light oil for Asian buyers has been increased by $0.3 per barrel