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Commodity Snapshot: WTI Remains Above $60/Barrel as Weekend Nears

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   |    Thursday,February 18,2021

WTI and Brent prices remain elevated as we enter the final days of this week.

At midday on Thursday (2/18), WTI came in at $60.63/barrel while Brent settled at $63.81/barrel.

Both WTI and Brent hit their highest points on Wednesday (2/17), achieving $61.23 and $64.47 per barrel, respectively.

The increases can be credited to the advancement of US President Joe Biden's COVID-19 stimulus package, Saudi Arabia's production caps as well as a decline in supply.


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