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 Consumer Confidence Dips: Retail Sales See Unexpected Decline in January READ MORE SNAP Benefits Shows 1 in 8 Americans are on Food Stamps READ MORE National Debt Set to Surge as Fed Maintains High Interest Rates READ MORE NYT: A Strong U.S. Dollar Weighs on the World READ MORE US Housing Market Shows Life, Yet Overvaluation Clouds Recovery, Fitch Reports READ MORE Add a Comment Cancel replyYour email address will not be published.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