Wti Oil Price Access

: Prices rose from roughly $60 in early January to a peak of over $112 by early April. This was driven by the closure of the Strait of Hormuz , a chokepoint for 20% of global oil consumption.

WTI prices are influenced by a complex interplay of supply, demand, and financial factors: Google Finance wti oil price

: By early May, WTI dropped back toward the $78 range . Investors are currently weighing potential peace deal prospects in the Middle East, which could normalize global shipping flows. Key Drivers of WTI Oil Prices : Prices rose from roughly $60 in early