The price of U.S. benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020. Because of the economic effects, government and business responses, and personal travel changes caused by the COVID-19 pandemic in 2020, demand for crude oil and petroleum products declined rapidly, inventories increased, and prices fell.
9 November 2021
Disclaimer: This was news article was published by another website and was republished on the CTRM Center due to its informative merit and relative nature. If you have any issue with this post please contact us