New Record for Crude Amid Supply Disruptions

West Texas Intermediate (WTI) for June delivery rose 23 cents to settle at $118.75/bbl. Brent crude for June settlement rose 40 cents, or 0.3 percent, to settle at $116.74 a barrel on London's ICE Futures Europe exchange, a record close. The contract touched an all-time intraday high of $117.56 on April 25.

Helping crude on its upward march are renewed tensions between Iran and the United States as well as continued militant attacks in Nigeria which have reduced output by 50%, according to

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: