West Texas Intermediary (WTI) Crude Oil caught a Monday bid on rising geopolitical tensions following a Hamas rocket attack on Israel in the Gaza Stri
WTI sees a topside jumpto kick off the trading week. Middle East stability concerns are threatening oil prices, sending barrels higher. Israel ordered Chevron to freeze production at Tamar natural gas field, adding upside pressure to fossils. p over the weekend. At least 700 people are dead and Israel has deployed approximately 100,000 additional troops to the region.
Analysts still expect crude oil supplies to undershoot demand for the last quarter of the year, which will see Crude Oil prices bolstered even furtherlooking forward. WTI technical outlook WTI Crude Oil soared nearly 5.5% from the week's opening bids, just barely tipping over the $86.00 level before settling back into softer territory just south of $85.00, and is currently trading near $84.70. Crude Oil reached a low of 80.
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