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 Central Banks' Gold Reserves Grow for Ninth Month Despite Slowdown READ MORE Silver Demand Soars as Solar Power Industry Expands Globally READ MORE FTX Alum Buys Titanic's Gold Watch for Record $1.5 Million READ MORE Bank of Japan Eyes Policy Shift: Ending Negative Rates READ MORE Gold Suffers Steepest Daily Plunge in a Year As Geopolitical Fears Ease READ MORE Add a Comment Cancel replyYour email address will not be published.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