Home / Metal News / Us August WTI futures closed 2.8% higher than September WTI futures closed 2.4% higher

Us August WTI futures closed 2.8% higher than September WTI futures closed 2.4% higher

iconJul 22, 2020 07:01

SMM News: 22 am, the United States WTI crude oil futures prices closed higher on Tuesday, and the highest closing price since March. The European Union has reached a rescue package for the coronavirus, easing concerns about the outlook for energy demand.

In addition, analysts expect Wednesday's EIA (EIA) report to show that U.S. crude oil inventories fell for the second consecutive week in the week ended July 17. Analysts surveyed by S & P Global Platts expect corporate bonds to fall by an average of 1.9 million barrels.

(WTI), West Texas Intermediate for August delivery on the New York Mercantile Exchange, rose $1.15, or 2.8%, to close at $41.96 a barrel. August WTI expires after closing today.

The new spot futures, September WTI crude oil futures, rose $1, or 2.4%, to close at $41.92 a barrel.

Scan the QR code and join the SMM metal communication group.

Crude oil
price
production capacity
economy

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All