QP - Attacks on Saudi Arabian oil infrastructure push WTI gains - May 20, 2019The WTI front-month contract rose $1.10, or 1.8%, last week, settling at $62.76/bbl
on Friday, May 17. The increase was fueled by rising geopolitical risk in the Middle East;
however, the US/China trade war continues to moderate gains.
On Monday, May 13, WTI fell 62 cents to $61.04/bbl. Prices were up early in the
session following news that two Saudi Arabian oil tankers and two other ships were
attacked over the weekend in the Strait of
Hormuz. Later that morning, prices shifted