In the space of one month, West Texas Intermediate (WTI) has been up by nearly $20 per barrel (/bbl). WTI for April delivery rallied by 2.2%, to reach a new record of $107.44/bbl in late-morning trading in New York.
In London, prices for ICE Brent crude climbed 0.4% to $102.81 a barrel on London's ICE Futures Europe exchange. Futures reached a record $103.98 a barrel on March 7.
"The sliding dollar and the flocking of speculative interests towards energy as an inflation hedge have been key fac
The week on Risk.net, July 14–20, 2017Receive this by email