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Free AccessWTI Hits New Intraday High
WTI has climbed to a new intraday high and at current levels will reach its highest close since late November.
- Concerns for freight availability and supply amid Houthi attacks on shipping in the Red Sea, coupled with Ukrainian drone strikes on Russian energy infrastructure, have added a geopolitical risk premium to prices.
- Falling US output following an arctic freeze and additional Chinese stimulus plans are also adding support.
- WTI MAR 24 up 2.5% at 76.99$/bbl
- WTI-Brent down -0.13$/bbl at -5.04$/bbl
- WTI MAR 24-APR 24 up 0.06$/bbl at 0.17$/bbl
- WTI APR 24-MAY 24 up 0.05$/bbl at 0.18$/bbl
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.