Crude Oil Price News and Forecast: JP Morgan revised WTI price forecast for 2020
|WTI renews multi-month highs above $61 after EIA data shows decline in US oil stocks
Crude oil prices rose for the fifth straight day on Wednesday and the barrel of West Texas Intermediate reached its highest level in three months at $61.17. As of writing, the WTI was up 1% on the day at $61.10.
WTI Oil Outlook: oil price eases but key supports still intact; crude inventories report eyed for fresh signals
US Crude Oil
WTI oil price eased from new three-month high at $60.93 on Wednesday, after Tuesday's API report showed unexpected rise in crude stockpiles (4.7 million barrels vs last week's build of 1.4 million barells).
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