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 "You're Going To See Something More Devastating Than 2000 or 2008" – Mike Maloney READ MORE Oil prices little changed as OPEC sticks to demand and steady economic growth forecasts READ MORE Turkish Investors Turn to Gold as Safe Haven READ MORE State Street Global Advisors Says Gold Could Reach $2,400 READ MORE Fed's Rate Cut Hesitation: Inflation Concerns and Economic Uncertainties Dominate READ MORE Add a Comment Cancel replyYour email address will not be published.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