08MAY2018 - NEWS - US West Texas Intermediate (WTI) crude oil reached highest level since 2014 on Monday

On Monday US West Texas Intermediate (WTI) crude oil price rose to cross $70 per barrel mark. This is the highest value of West Texas Intermediate (WTI) crude oil since 2014. The rise in the oil price is supported by the supply cuts  and the looming decision by President Trump on the Iran nuclear agreement. West Texas Intermediate (WTI) crude oil is one of the classifcation of the crude oil that serves as the benchmark for oil pricing globally.