Concerns over supply disruption have quickly eased and international oil prices have turned from rise to fall.

Crude oil product showed a trend of top reversal overall. The average price of WTI this week was $82.25 per barrel, down by $0.42 per barrel or -0.51% compared to the previous week.

CME GroupJul 12 01:24 ET

WTI Hovers Around $82.00 as Soft Inflation Raises the Odds of Fed Rate Cuts

WTI price receives support as easing inflation data has heightened expectations of a Fed rate cut in September.

FXStreetJul 11 22:32 ET

Oil Prices Rise as Dollar Dips Ahead of CPI Data; US Inventories Shrink

Oil prices rose in Asian trade on Thursday, extending recent gains as weakness in the dollar ahead of key U.S. inflation data benefited price, while bets on tighter global supplies remained in play.

InvestingJul 10 21:36 ET

OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.

On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.

wallstreetcnJul 10 16:30 ET

Crude Oil Regains Some Track – TDS

Crude oil's resilience has seen Commodity Trading Advisors (CTAs) add back their notable length in WTI. The impact to oil supply from hurricane Beryl was less than expected, TDS analysts note.

FXStreetJul 10 11:44 ET

Crude Oil Prices Ease as Investors Digest Fed Chair Remarks, ANZ Bank Says

Crude oil prices ended the previous session lower and saw some volatility as investors considered Federal Reserve Chair Jerome Powell's semiannual monetary policy report, which said the U.S. is "no

MT NewswiresJul 10 05:04 ET