The price of WTI crude futures are settling at $82.10. That is up $0.69 or 0.85%. The gains come after three consecutive losing sessions, and was driven by a bullish OPEC demand forecast and a significant drop in U.S. inventories. The EIA reported a 3.4 million-barrel drawdown in U.S. oil inventories, surpassing the expected 1.3 million-barrel draw.Meanwhile, OPEC maintained its 2024 demand forecast, predicting a rise of 2.2 million barrels per day over 2023, higher than other agencies' forecasts. Looking at the daily chart, the price low today reached $80.81. That was just $0.19 short of the next target at $80.62 (see redline and read number circles - see post from yesterday by clicking her
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