Crude prices were driven to record-breaking highs by supply shortages in September this year.
Previous price highs for West Texas Intermediate (WTI) were surpassed on consecutive days on the New York Mercantile Exchange (Nymex), with the contract climbing to an intraday high of $84.10 per barrel before settling at a record $83.90/bbl.
The price had dropped to around $81/bbl at the time Energy Risk went to press.
Temporary closures of the Spearhead and Platte pipelines delayed the usual seasonal
The week on Risk.net, July 7-13, 2018Receive this by email