WTI Gains Over 4% on Supply Disruptions and Diesel Export Risk

WTI crude was up $2.89, or 4.63%, through Thursday’s close, trading at $65.29 — the highest level since early September. The move was driven by a repricing of near-term supply risk, after traders began unwinding positions built on expectations for the resumption of Kurdish oil exports. Roughly 230,000 barrels per day (bpd) were expected to restart through Turkey, but the deal fell apart when producers demanded payment guarantees before allowing flows to resume. With those barrels still offline, the market quickly reversed course. Shorts…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com