Historical Charts, Forecasts & News
WTI Crude Oil costs continued to rally in the previous few weeks amid signs that the global oil market rebalancing is underway. On three November, WTI Crude Oil prices traded at USD 55.6 per barrel, which marked an over two-year excessive. The print oil refinery plant pdf 2017 was up 10.3% from the same day last month and was three.5% greater on a yr-to-date basis. The worth was up 24.6% from oil refinery plant pdf 2017 the identical day in November of last yr. WTI Crude Oil prices are benefiting from the successful implementation of the OPEC-led oil cut deal, which is restraining world supply and pushing up prices, and sturdy world demand. Moreover, officials from Russia and Saudi Arabia have been amenable to an extension of the deal nicely into 2018. U.S. crude oil inventories fell 2.4 million barrels within the week ending on 27 October, which was steeper than the 1.75 million barrels decline expected by analysts surveyed by Thomson Reuters, and introduced inventories to the bottom degree since January 2016. The wide spread between the worth for a barrel of U.S. West Texas Intermediate Crude and Brent Crude is spurring demand for U.S. crude oil. Within the final week of October, U.S.