WTI Holds Gains After API Reports Bigger Than Expected Crude Draw
September 06, 2023 at 16:38 PM EDT
Oil prices rallied to fresh 10-monthhighs today (9 straight days higher) as traders digested a decision by OPEC+ leaders Saudi Arabia and Russia to extend supply curbs through the end of the year. “It was absolutely a surprise,” said Nadia Martin Wiggen, a director at commodities-focused hedge fund Svelland Capital. “When we look toward the start […] Source
