West Texas Intermediate (WTI) crude touched $106.2 per barrel on Friday, its highest intraday level since mid-September. The move followed Iran’s claim that it had struck four tankers, a day after US forces said the lanes through the Strait of Hormuz were clear. WTI later eased to $104.1, while Brent traded near $111.9, up 9.4% from a month earlier. The rally places the coming US midterm elections and the Iran conflict at the center of the outlook for energy markets.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
