-6 pts84% → 79%
Will WTI Crude Oil (WTI) hit (HIGH) $120 in April?
What the odds are telling us, before the headlines catch up.
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Will WTI Crude Oil (WTI) hit (HIGH) $120 in April?
The increased probability appears likely driven by record-high spot premiums for U.S. West Texas Intermediate crude. This surge is attributed to intense competition between Asian and European refiners seeking supply to replace Middle Eastern oil flows disrupted by the Iran war (Source [1]).
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