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QP - WTI continues gains as global oil supply outlook tightens - April 15, 2019
The WTI front-month contract gained 81 cents last week to settle at $63.89/bbl on Friday, April 12. Geopolitical tensions and data showing a tightening of global oil supply moved prices higher while warnings of a global economic slowdown tempered those gains. On Monday, April 8, WTI rose $1.32 to $64.40/bbl. The US announced that it had labeled Iran’s Islamic Revolutionary Guard Corps, a branch of the country’s armed forces, a terrorist organization. This is an unprecedented move—the US has never labeled......
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