Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap Narrows Oil prices climbed past $80 a barrel, continuing their upward momentum as breaking this significant threshold spurred further purchasing. West Texas Intermediate (WTI) experienced a notable increase, rising up to 3.3% and hitting its highest intraday prices since November. This uptick is reflected in crude’s time spreads—a measure of market conditions—showing a sharp rise this week, indicating a tightening in supply and demand. The rally underscores the current market dynamics, where supply constraints and increasing demand are pushing prices higher. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Stress Tests Reveal Hundreds of U.S. Banks at Risk Due to Loans and Rate Hikes READ MORE Higher Inflation Challenges South Africa's Economic Stability READ MORE Nasdaq Breaks 17,000 Mark, S&P 500 Slightly Up, Dow Drops Amid Rising Yields READ MORE Oil Prices Climb as Netanyahu Rejects Hamas Cease-Fire Deal READ MORE Core Inflation Meets Expectations, Posing Questions for Fed's Next Move READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment