WTI Crude Surges Above $100 as US Export Ban Hopes Diminish

WTI crude oil prices surged back above $100 per barrel after hopes for a US export ban were reportedly crushed, leading to a significant market reaction.

19 Mar, 15:51 — 19 Mar, 15:51

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zerohedgeLow39d ago

WTI Crude Bursts Back Above $100 After US Export Ban Hopes Crushed

WTI Crude Bursts Back Above $100 After US Export Ban Hopes Crushed Having diverged significantly overnight from Brent crude prices, WTI is now exploding higher, breaking back above $100, after hopes of a US export ban were crushed by Politico's sources. Sophia Cai (@SophiaCai99) posted on X that: NEW: The White House will not implement a crude export ban, and told oil executives as much at this morning’s meeting with API, per an admin official who participated in the meeting. Th...

By Tyler Durden

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WTI Crude Surges Above $100 as US Export Ban Hopes Diminish

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WTI Crude Bursts Back Above $100 After US Export Ban Hopes Crushed

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