WTI Crude Oil futures jump over 3% to $96
WTI Crude Oil futures rallied over 3% to $96 after fresh attacks in the Middle East reignited geopolitical risk premiums. Diesel margins stayed elevated as winter demand approaches.
WTI Crude Oil futures rose more than 3% to $96 after fresh attacks in the Middle East lifted geopolitical risk premiums and added to concerns around efforts to reopen the Strait of Hormuz. Diesel margins stayed elevated, while the physical crude market remained tight as winter demand neared. 5 million barrel draw. Natural Gas futures traded lower as weather forecasts moderated and production held near 112 billion cubic feet per day.