Tag Archives: WTI crude oil

WTI crude oil is settling at $97.01; highest since July 29. Continuing clashes in the Libyan capital, Tripoli, are threatening oil supply, moreover, the OPEC+ meeting is also a concern as Saudi Arabia has threatened production cuts. Earlier on Monday, WTI oil moved above the $96 level as traders focused …

The US crude oil benchmark dipped early on Thursday to the lowest level in months, falling below $90 a barrel for the first time since Russia invaded Ukraine at the end of February.WTI trades now at $91.9, but at 10:30 a.m. ET on Thursday, the US benchmark WTI Crude had …

Oil prices rose nearly $3 a barrel on Friday as attention turned to next week’s OPEC+ meeting and dimming expectations that the producer group will boost supply.Brent crude futures for September settlement, due to expire on Friday, gained $2.79, or 2.6%, to trade at $109.93 a barrel by 12:10 p.m. …

The OPEC+ group of producers continues to underproduce, which had taken the sting out of the highly anticipated 430k bpd output hike this month.While there are no formal plans to push OPEC to increase oil output, some members have plans for so doing particularly given that Russian output is likely …

The US dollar Index was unable to attract speculative interest, now hovering around $1,816 a troy ounce. Crude oil prices edged lower, with WTI now changing hands at $106.90 a barrel. The yield on the US 10-year Treasury note stands below 2.90%, as investors rushed into bonds’ safety.The EUR/USD pair …

Oil prices fell on Monday, giving up earlier gains as investors booked profits after prices rose in the previous session, but concerns loomed oversupply in global markets as the European Union prepared to impose a ban on imports from Russia. Brent crude futures fell 64 cents, or 0.6 percent, to …

Oil prices continued to rise on Friday, but were heading for their first weekly loss in three weeks, as concerns about inflation and slowing global growth due to the closures in China to combat the pandemic outweighed the impact of concerns about dwindling fuel supplies from Russia. Brent crude futures …

On Thursday, crude oil prices exhibited mixed performance as supply fears as well as geopolitical tensions in Europe got the upper hand over the economic data related fears across financial markets as inflation is soaring globally.Trading has been thin and nobody knows what’s going to move the needle,” said John …

Oil prices fell more than 1% on Thursday in a volatile week, as economic concerns and fears of a recession weighed negatively on global financial markets, outweighing concerns about supplies and tension in Europe. Brent crude futures fell $1.25, or 1.2 percent, to $106.26 a barrel by 0303 GMT. US …

Oil prices rose on Wednesday after falling nearly 10 percent in the previous two sessions, buoyed by supply concerns, as the European Union works to rally support for a Russian oil embargo and as Russian gas supplies to Europe halted through a major transit point in Ukraine. The European Union …