Crude oil prices turned lower on Friday as yesterday's attacks on oil fields in Kurdistan that triggered supply fears were outweighed by OPEC's demand forecast leading to concerns of surplus production.
Today, WTI Crude Oil for August delivery closed down by $0.20 at $67.34 per barrel.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.