WTI oil prices drop more than 1%, fall below $120 on US inflation concerns.

WTI crude futures fell more than 1%, falling below $120 today. After China announced new lockdown measures in Shanghai. Oil prices were also hit after the U.S. released a higher-than-expected consumer price index (CPI). This may cause the US Federal Reserve (Fed) to accelerate interest rates to curb inflation. At 10 p.m. Thai time, the … Read more

WTI oil prices jump more than 1% past $82 as US crude inventories drop more than expected.

WTI crude futures were up more than 1% past the $82 level today. After the US revealed that crude inventories fell more than expected last week. As of 10:50 p.m. Thai time, the West Texas Intermediate Crude Oil (WTI) contract was delivered in February. Trading on the NYMEX was up $1.21, or 1.49.9%, to $82.43 … Read more