Crude Oil remains well-bid after last week’s gains on Middle East tensions, WTI tests $77

Crude Oil remains well-bid after last week’s gains on Middle East tensions, WTI tests $77

From fxstreet.com

West Texas Intermediate (WTI) US Crude Oil continued to test into $77.00 per barrel on Monday, with barrel bids pushing into recent highs as a potential ceasefire in the Gaza region remains elusive. Geopolitical headlines have pushed US Crude Oil into five straight days of gains, sending WTI higher by around 6% last week. Energy markets are keeping prices on the high side heading into the new week, but it's getting difficult for barrel investors to keep attention off of record Crude Oil production in the US. Israel rejected an immediate proposal for a ceasefire last week, keeping Crude Oil markets pinned into the ... (full story)

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