![WTI crude trading trends suggest a U.S. oil supply crunch as driving season nears](https://cdn.energydais.com/media/images/news/WTI_crude.jpg)
Fetching News Details
The June-July WTI time-spread, also known as the prompt cash roll, traded at 20 cents a barrel Tuesday, the strongest level since May 2020, according to Bloomberg data. The spread serves as an indicator of supply-and-demand balances at the main U.S. crude storage hub in Cushing, Oklahoma. Its recent strength shows that inventories are tight just as oil refiners are ramping up output.