Tag: supply glut
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WTI Oil Climbs 1.7% as Geopolitical Shocks Meet a Structural Supply Glut
WTI Oil Edges Higher on Tuesday as Sanctions and Supply Dynamics Collide West Texas Intermediate (WTI) crude rose about 1.7% on Tuesday, extending a volatile run as traders weigh fresh U.S. sanctions on Russian oil against persistent fears of a global supply glut. The day’s moves reflect a delicate balance between geopolitical shocks and the…
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WTI Oil Rises 1.7% Amid Geopolitical Shocks and Glut Fears
Oil climbs on geopolitics and supply concerns West Texas Intermediate (WTI) crude rose about 1.7% on Tuesday, extending gains as traders weighed the latest U.S. sanctions on Russian oil against optimism that political gridlock in Washington could ease in the coming days. The session’s move highlighted how interconnected factors — from sanctions policies to a…