CME Group Inc.
11/03/2026 | Press release | Distributed by Public on 11/03/2026 16:22
WTI Crude Oil futures hit 14-session low on supply risks.
WTI Crude Oil futures dropped to a 14-session low of $93.59 before recovering most of the decline. Market participants are weighing geopolitical developments following a U.S. strike near the Strait of Hormuz, which briefly added a risk premium. While global oil inventories have fallen by nearly 1 billion barrels since February, Arab Gulf producers are shipping crude near pre-war levels. Analysts project this week's EIA report will show a 2 million barrel build, potentially ending four straight weeks of inventory declines.
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