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QP - WTI climbs over $60/bbl for the first time in 2019 - April 01, 2019



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The WTI front-month contract rose $1.10, or 1.9%, last week to settle on Friday at $60.14/bbl. WTI not only hit a 2019 high, but broke above $60 for the first time since November of last year. In terms of major price drivers, not much has changed in the last week: OPEC cuts continue to tighten global crude supplies, and US crude inventories remain bullish, while global economic growth concerns continue to temper gains. On Monday, March 25, WTI dropped 22......
 
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