Crude Futures Rise as Refined Products Fall
Crude futures rose midday Thursday while refined product contracts fell. November WTI was up $2.38 at $97.47 a barrel as of 11:40 a.m. ET.
Crude futures advanced around midday Thursday, while refined-product contracts declined. Traders assessed ongoing shipping risks in the Middle East alongside a recovery in regional crude supplies and concerns over global demand. At 11:40 a.m. ET, November West Texas Intermediate was up $2.38 at $97.47/bbl.