RSS WTI Oil: Price Rises Further on Supply Concerns Over the Latest US Sanctions on Russia

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 RSS WTI Oil: Price Rises Further on Supply Concerns Over the Latest US Sanctions on Russia

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WTI oil price spiked to new multi-month high ($78.66, the highest since Aug 14) on Monday, as steep bull-leg off $72.83 higher low, extends into third consecutive day. Growing supply concerns on the newest US sanctions on Russian oil industry strongly inflated oil prices, with expectations that WTI price could rise to $85 per barrel. […]

The post WTI Oil: Price Rises Further on Supply Concerns Over the Latest US Sanctions on Russia appeared first on Action Forex.
 
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