Crude Oil rallies to fresh nine-week high on Monday, WTI tests $83

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WTI,Energy

West Texas Intermediate (WTI) US Crude Oil rose sharply on Monday, climbing nearly $2 per barrel, as energy markets found fresh bidding pressure amid ongoing Middle East geopolitical tensions and hopes that unseasonally hot temperatures across the US would bolster demand enough to eat up supply.

WTI climbs nearly $3 per barrel amid Monday's Crude Oil surge. Crude rising on Middle East geopolitical tensions, fears of cross-border spillover. Obscure hopes for rising Crude Oil demand in the future also pressuring barrel bids.

influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When

 

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