Tag Archives: WTI crude oil

Oil prices settled higher on Tuesday, rebounding in volatile trading environment as traders and investors weighed China’s plans to support its economy against a possible coronavirus lockdown in its capital Beijing.Brent crude futures settled up $2.67, or 2.6%, at $104.99 a barrel, while US West Texas Intermediate contracts were up …

Oil prices fell to a two-week low on Monday, extending last week’s losses. Concern grew that an extension of anti-Covid-19 closures in Shanghai and potential US interest rate increases would hurt global economic growth and oil demand. In Shanghai, the authorities erected fences outside apartment buildings, sparking new public anger. …

The number of total active drilling rigs in the United States rose by 2 this week, after an increase of 4 rigs in the week prior, according to new data from Baker Hughes published on Friday.The total rig count increased to 695 this week—257 rigs higher than the rig count …

Oil prices are on the front foot on Monday amid heightened geopolitical tensions and OPEC supply concerns. WTI is heading towards $110 again, up over $16 versus last week’s lows, and eyeing recent highs around $116.Oil prices put in a strong rally on Monday as concerns regarding an escalation of …

Though the latest Business Outlook Survey (BOS), released by the Bank of Canada once per quarter, was broadly interpreted as supporting the case for a faster pace of rate hikes from the BoC in the quarters ahead, its impact on the Canadian Dollar was limited. The USD/CAD pair was last …

An OPEC + source said that the OPEC + Joint Ministerial Monitoring Committee agreed to adhere to the current oil production policy and increase production by 432,000 barrels per day as of May. according to reuters.

The U.S., Europe and Japan have called on oil-producing nations to do more to tackle record-high prices amid the war in Ukraine and ongoing supply shortages. On Monday, OPEC+ group was reportedly expected to stick to the May oil output plan increase plan at the March 31 meeting as several …

In an interview on Dubai TV, Mohammed Hashad, Director of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, tackled the latest developments in financial markets. Oil US crude oil started trading this week with a decline of about 5 dollars, to see …

The dollar is likely to head higher in the coming months before weakening in the second half of the year as the outperformance of the US economy fades and investors’ risk appetite improves, according to Barclays Plc. While tighter monetary policy, a resilient US economy and demand for havens due …

In an interview on Dubai TV, Mohammed Hashad, Director of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, tackled the latest developments in financial markets, particularly the most prominent one; namely, the surging oil prices that touched record levels, he also commented …