WTI crude oil) on the day but lower for the week
The price of WTI crude oil settles at $88.96. That was up $2.49 or 2.88% on the day.
For the trading week, the price a week closed on Friday at $92.44. The price is down -3.75% on the week and was the first decline after two weeks of gains of 3.7% and 4.71% over those weeks.
In other news today, the Baker Hughes
- rig count rose by 9 to a total of 779.
- The oil rigs increased by 9 to 622.
- Natural gas was unchanged at 155
Fundamentally, the price of oil was supported by hopes of further easing of Covid restrictions in China.
