Houthi Strikes Will Fail To Lift WTI Above $95

WTI will close below $95 on October 12 despite the regional attacks raising headline prices. WTI was last recorded at $91.85 at 00:45 on October 12, and JPMorgan said the current strain in the oil market is driven by the cost and difficulty of moving oil rather than a crude shortage. Around 125 Ira…