Tag Archives: WTI crude oil

The USD/CAD pair saw choppy trading conditions on Thursday and is back to flat around 1.2680 having been as high as 1.2734.Geopolitics remains the main talking point in the market, with investors jittery as NATO/Russia relations sour, shelling resumes in Ukraine.At one point, the pair was rallying as high as …

Crude oil markets stabilized on Monday after printing fresh highs earlier in the day, supported by the ongoing tense geopolitical backdrop in Eastern Europe and continued tight global oil market conditions. Front-month WTI futures, which have swung between multi-year highs near $95.00 and session lows just above $92.00, currently trade …

West Texas Intermediate crude dipped on Tuesday amid profit-taking though has recovered from session lows near $89.00 back above the $90.00 level.Analysts cited chatter about a potential US-Iran nuclear programme deal and President Macron’s Moscow visit as weighing on prices.Front-month WTI futures pulled back from close to seven-year highs on …

Front-month WTI futures surged above the $90.00 level for the first time since 2014 in recent trade on Thursday, taking their on-the-day gains to more than $2.0, which would mark the best one-day performance in three weeks. No specific one fundamental catalyst can be singled out as behind the recent …

Front-month WTI futures touched fresh seven-year peaks on Friday, reaching $88.82 for the first time since October 2014, before pulling back somewhat to just below $88.00 again. Still, that leaves WTI trading more than 50 cents higher on the session and about $3.0 higher on the week. WTI is on …

Oil prices rose on Friday, set for a sixth straight week of gains as geopolitical tensions continued to fuel supply concerns. Brent crude futures rose 63 cents, or 0.7 percent, to $89.97 a barrel by 1013 GMT, after reaching $91.04 on Thursday, the highest level since October 2014. West Texas …

Oil traded at a seven-year high of around $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the US Federal Reserve would tighten monetary policy. Brent crude futures rose six cents, or 0.1 percent, to $90.02 a barrel by 1113 GMT, and West Texas Intermediate …

Brent crude futures rose more than 2% on Wednesday, surpassing $90 a barrel for the first time since 2014. The price of oil surpassed $90 a barrel on Wednesday, its highest mark in eight years as limited supply coupled with the prospect of a Russian invasion of Ukraine sent energy …

Crude oil prices hit two-month highs on Wednesday on the back of tight supply as crude inventories in the United States fell to their lowest since 2018, and as the US dollar weakened and concerns eased about the Omicron coronavirus variant.US crude inventories retreated by 4.6 million barrels last week …

The statements of US Federal Reserve Chairman Jerome Powell came with a state of concern in the markets about the lack of supply resulting from the current events in Libya and Kazakhstan, giving a solid boost for oil prices. Powell stressed that the fed uses all tools to manage the …