WTI Oil Price Falls Below $81 After Two Days of Increases

WTI Oil Price Falls Below $81 Today As Investors Sell To Take Profits After Price Bounces For 2 Days In A Row

At 11:06 pm Thai time, West Texas crude oil price (WTI) for delivery in April. less $0.27 or 0.3% to $80.99/barrel.

WTI oil prices rose earlier. After the US revealed that crude oil stocks fell last week. Contrary to analysts’ predictions Meanwhile, gasoline stocks fell more than expected. This shows an increase in market demand.

Oil prices also received positive factors from reports from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), which predicted tight oil conditions this year.

Furthermore, oil prices were supported by the Ukrainian drone attack on Russian oil refineries. This can affect the amount of oil in the market.

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