WTI Outpaces Brent as U.S. Crude Draw Ignites Fresh Buying | HappeningNow.news

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WTI Outpaces Brent as U.S. Crude Draw Ignites Fresh Buying

Crude Oil Rallies as U.S. Inventory Draw Outruns Supply Relief November WTI crude oil futures are up sharply for the week through Thursday night.

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WTI crude oil futures rose sharply during the week ending Thursday night. The gain was not driven by a single headline event. U.S. crude inventories fell faster than supply relief was expected to build in November. The faster draw in U.S. stocks helped lift WTI prices above those of Brent. The market reaction reflects the continued pressure on U.S. crude supply.

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