WTI Crude hits $94 per barrel

✔ Fact Checked by TDPel News Desk

By Tolulope Dolapo Thomas

Published: February 12, 2022 | 10:29 AM

The West Texas Intermediate (WTI) crude futures surged more than 4.

5% to almost hit $94 per barrel on Friday afternoon, its highest since 2014 after the White House said that Russia could invade Ukraine at any time.

The upward pressure on prices was already present earlier after IEA said supply tensions will rise if the persistent gap between OPEC+ output and its target levels continues.

The IEA also pointed out that Saudi Arabia and the United Arab Emirates could pump more oil as they still have spare capacity.

The West Texas Intermediate (WTI) benchmark for US crude is the world’s most actively traded commodity.

Source: Trading Economics
WTI Crude hits $94 per barrel

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About Tolulope Dolapo Thomas

Tolulope Dolapo Thomas, BSc, is a Public Health Educator and Broadcast Journalist with extensive experience in radio and television. She specializes in Health Promotion, Sexual and Reproductive/Fertility Health, and Environmental Health. Certified in CPR and First Aid, Tolulope is passionate about empowering women through evidence-based public health education, fertility awareness, and community sensitization. She is currently pursuing an MSc in Public Health and is the founder of Everywoman Health by TD, a women-focused health platform dedicated to providing accurate, accessible, and trustworthy guidance for women at every stage of life.