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 Gold’s “Catapult Has Been Built; Silver’s is Next” READ MORE Silver Price Forecast – Silver Continues to Look Strong READ MORE Venezuela's Gold Reserves Plunge Over 11% Amid Economic Challenges READ MORE Economists Question the Recession-Predicting Power of theInverted Yield Curve READ MORE Add a Comment Cancel replyYour email address will not be published.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