Crude Oil Prices Hit 11-Month High On Reflation Hopes, Falling Stockpiles
January 13, 2021 at 07:17 AM EST
WTI crude oil prices surged more than 3% to US$ 53.9, hitting their highest level seen since February 2020. A large draw in the API crude inventories and a weakening US Dollar gave oil prices a fresh boost alongside reflation hopes.
