Product Tightness Boosts Crude Prices

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US oil price benchmark West Texas Intermediate (WTI) breached $80 before retreating on Friday, as expected tightness in the refined product markets reaches US shores.

Bullishness is set to persist in the European natural gas market through winter as tight supplies and colder weather buttress prices.
Fri, Nov 26, 2021
January Brent ticked down 6¢ to $82.25 per barrel, while January WTI retreated by11¢ to end the day at $78.39/bbl.
Wed, Nov 24, 2021