{"id":9375,"date":"2023-09-27T11:39:20","date_gmt":"2023-09-27T03:39:20","guid":{"rendered":"https:\/\/www.ultimamarkets.com\/?p=4915"},"modified":"2025-07-16T07:59:03","modified_gmt":"2025-07-16T07:59:03","slug":"supply-chain-tensions-help-crude-prices-hover-higher","status":"publish","type":"post","link":"https:\/\/www.ultimamarkets.com\/ar\/trade-news\/supply-chain-tensions-help-crude-prices-hover-higher\/","title":{"rendered":"Supply Chain Tensions Causes Crude Prices To Hover Higher\u00a0"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><time datetime=\"2023-09-27T11:39:20+00:00\"><a href=\"https:\/\/www.ultimamarkets.com\/ar\/trade-news\/supply-chain-tensions-help-crude-prices-hover-higher\/\">September 27, 2023<\/a><\/time><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>How Supply Chain Tensions Impact Crude Oil Prices in October 2023<\/strong><\/h1>\n\n\n\n<p>The <a href=\"https:\/\/www.api.org\/products-and-services\/statistics\/api-weekly-statistical-bulletin#tab-data\" target=\"_blank\" rel=\"noopener nofollow\" title=\"API's Weekly Statistic Bulletin\">American Petroleum Institute&#8217;s weekly statistical report<\/a> shows that U.S. crude oil inventories increased by 1.586 million barrels in the week ending September 22, 2023, after a decrease of 5.25 million barrels in the previous week. <\/p>\n\n\n\n<p>WTI crude futures rebounded to $90.7 a barrel, hovering at their highest level since November. The prospect of tight supplies helped markets shake off worries about rising interest rates and their impact on the economy. <\/p>\n\n\n\n<p>The $90 pivot point is psychologically important and reinforces the belief that the market is poised for further upside. <\/p>\n\n\n\n<p>Additionally, crude oil tends to perform well in inflationary environments as investors seek refuge in tangible assets rather than currencies.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.ultimamarkets.com\/wp-content\/uploads\/2023\/09\/1-10-2.png\" alt=\"\" class=\"wp-image-4916\" \/><\/figure><\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size\"><em>(United States API Crude Oil Stock Change)&nbsp;<\/em><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.ultimamarkets.com\/wp-content\/uploads\/2023\/09\/2-8-1.png\" alt=\"\" class=\"wp-image-4917\" \/><\/figure><\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size\"><em>(WTI crude Daily chart)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"has-small-font-size\"><em>Disclaimer&nbsp;&nbsp;<\/em><\/p>\n\n\n\n<p class=\"has-small-font-size\"><em>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Supply Chain Tensions Impact Crude Oil Prices in October 2023 The American Petroleum Institute&#8217;s weekly statistical report shows that U.S. crude oil inventories increased by 1.586 million barrels in the week ending September 22, 2023, after a decrease of 5.25 million barrels in the previous week. WTI crude futures rebounded to $90.7 a barrel, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":4918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[274],"tags":[39],"class_list":["post-9375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-news","tag-oil"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Supply Chain Tensions Causes Crude Prices To Hover Higher\u00a0 - Ultima Markets<\/title>\n<meta name=\"description\" content=\"How Supply Chain Tensions Impact Crude Oil Prices in October 2023 The American Petroleum Institute&#039;s weekly statistical report shows that U.S. crude oil\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Chain Tensions Causes Crude Prices To Hover Higher\u00a0\" \/>\n<meta property=\"og:description\" content=\"How Supply Chain Tensions Impact Crude Oil Prices in October 2023 The American Petroleum Institute&#039;s weekly statistical report shows that U.S. crude oil\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ultimamarkets.com\/ar\/wp-json\/wp\/v2\/posts\/9375\" \/>\n<meta property=\"og:site_name\" content=\"Ultima Markets\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-27T03:39:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-16T07:59:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ultimamarkets.com\/ar\/wp-content\/uploads\/sites\/18\/2023\/09\/2-8.png\" \/>\n\t<meta property=\"og:image:width\" content=\"690\" \/>\n\t<meta property=\"og:image:height\" content=\"378\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"mervin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mervin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/trade-news\\\/supply-chain-tensions-help-crude-prices-hover-higher\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/trade-news\\\/supply-chain-tensions-help-crude-prices-hover-higher\\\/\"},\"author\":{\"name\":\"mervin\",\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/#\\\/schema\\\/person\\\/acd24ecc8c3b66996759943157711472\"},\"headline\":\"Supply Chain Tensions Causes Crude Prices To Hover Higher\u00a0\",\"datePublished\":\"2023-09-27T03:39:20+00:00\",\"dateModified\":\"2025-07-16T07:59:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/trade-news\\\/supply-chain-tensions-help-crude-prices-hover-higher\\\/\"},\"wordCount\":205,\"image\":{\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/trade-news\\\/supply-chain-tensions-help-crude-prices-hover-higher\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/wp-content\\\/uploads\\\/sites\\\/18\\\/2023\\\/09\\\/2-8.png\",\"keywords\":[\"Oil\"],\"articleSection\":[\"Trade News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"\",\"url\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/wp-json\\\/wp\\\/v2\\\/posts\\\/9375\",\"name\":\"Supply Chain Tensions Causes Crude Prices To Hover Higher\u00a0 - 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