CME Group Inc.
10/06/2026 | Press release | Distributed by Public on 10/06/2026 15:03
WTI Crude Oil futures rebound from 5-week lows as exports pressure prices.
WTI Crude Oil futures rebounded from five-week lows as the market balanced shifting supply dynamics. The EIA raised its 2026 price forecast, lifting the WTI estimate by 4% to $88 a barrel amid rapidly falling inventories and tight diesel supplies. However, crude faced pressure from recovering Middle East exports, with shipping data showing 12 million barrels a day leaving the region and Saudi Arabia's East-West pipeline returning to 5.8 million barrels in throughput.
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