WTI: Oil Price Rises Further on Growing Supply Disruption Concerns

<p><img width="612" height="344" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-oil100.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2023/02/f-oil100.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil100-600×337.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil100-150×84.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil100-300×169.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>WTI oil price continues to trend higher, extending recovery from Dec 13 low ($67.70) into fifth consecutive day. Growing tensions on several attacks on ships in the Red Sea, which prompted major shipping companies to reroute, added to fears about supply disruption amid existing conflict in Palestine and further lifted oil prices. Recovery has so […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/532616-wti-oil-price-rises-further-on-growing-supply-disruption-concerns/">WTI: Oil Price Rises Further on Growing Supply Disruption Concerns</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>