WTI, Brent Higher After Monday's Data Driven Pressure
WTI futures and Brent crude rallied in overnight trade, propelled by assumptions of a rapidly tightening global oil market.
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WTI futures and Brent crude rallied in overnight trade, propelled by assumptions of a rapidly tightening global oil market.
Except for the front-month RBOB contract, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange settled Tuesday's session modestly higher.
Oil futures and the Brent crude rallied in early trade Monday.
Closing out the week as it began, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange rallied into Friday's close.
Oil futures and Brent crude are again rallying on shortages of natural gas and coal supplies globally that could add 500,000 bpd to global oil demand over the coming months.