Crude oil futures reached their highest levels since October earlier this week, and the momentum wasn’t slowing as of Friday morning. WTI and Brent were trading at $74.58 and $77.59 respectively at the time of writing, with traders assessing the interplay of seasonal demand, supply constraints, and mixed inventory data as the week draws to a close.
Despite the recent rise in prices, traders remain cautious about balancing tightening supply and uncertain demand signals. Supply Constraints Drive Upward Pressure Supply-side factors were critical…Oil Traders Cautiously Bullish as Prices Hit October Highs
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