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Crude Oil & Futures Trading | Trading Strategies & Guidance , Archive » WTI Crude Jumped on Geopolitics and Expectations of Inventory Draw
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WTI Crude Jumped on Geopolitics and Expectations of Inventory Draw

Posted July 22nd, 2014 by Pmq04Q87 and filed in General News

Crude oil prices strengthened as geopolitical tensions intensified. Meanwhile, news that China’s crude imports from Iran jumped almost +50% in the first half of the year also raised expectations of rising demand. The front-month contract for WTI crude oil jumped to a 3-week high of 104.99 before ending the day at 104.59, up +1.42% while the Brent crude contract also added +0.41% during the day.

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WTI Crude Jumped on Geopolitics and Expectations of Inventory Draw

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