Oil prices have surged to a four-month high, with Brent futures surpassing $86 per barrel and WTI reaching $82.72. The increase is attributed to supply cuts and rising demand, leading to new global all-time high demand for crude in specific months.
BRENT CRUDE FUTURES SETTLE AT $85.95/BBL, DOWN $1.43, 1.64%
OIL FUTURES EXTEND LOSSES, US CRUDE DOWN BY $2 A BARREL
Brent < 86 #oott
#Brent crude jumped above $87 this morning and Standard Chartered now sees new global all-time high demand for crude in May, June and August. #OOTT
Oil prices are soaring, with Brent hitting a four-month high at $86.89 and WTI at $82.72, driven by supply cuts and rising demand. https://t.co/OdyzeM2V0k
US WTI CRUDE OIL FUTURES RISE BY OVER $1 TO SESSION HIGH OF $83.85 A BARREL
Oil Prices Jump To Four-Month High, Surpass 200-Day Average: 'Momentum Indicators Remain Bullish,' Analyst Says Oil prices surged above $82 a barrel, reaching levels last seen in early November 2023. The U.S. considers replenishing Strategic Petroleum Reserve, aiming to restoreā¦ https://t.co/agJEpm6kU7
Oil prices hit four-month high Brent futures topped $86 per barrel on Monday https://t.co/qzNPJgDDwo https://t.co/pySKwfgP7z