Affected by Hurricane Francine, which hit the Gulf of Mexico and disrupted oil production, U.S. crude oil WTI closed 2.5% higher on Thursday (September 12).
According to Lipow Oil Associates, as of 1 p.m. Central time on Wednesday (September 11), nearly 675,000 barrels per day of crude oil capacity had been shut in the Bay Area. It is also expected that the number could rise to more than 1 million barrels on Thursday (September 12).
West Texas Intermediate for October delivery rose $1.66, or 2.5%, to settle at $68.97 a barrel on the New York Mercantile Exchange.
Operation suggestion: The US oil daily line reached the highest position of 69.98 after the market by the daily line level ten daily average pressure finishing, the daily line finally closed in the position of 69.32 after the market with a very long dayan line closed, and after the end of this form, today's market continued more, on the point.
Trading strategy: long near 68.9, stop loss 68.3, target 70-72.
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