Tag Archives: WTI crude oil

WTI crude oil has been under severe selling pressure in recent trade. Oil has settled under $70.00, marking a more than 11% decline on the day, its worst session since last year when future contracts swung deeply into negative territory in April 2020.The oil market’s implosion comes on a day …

U. S. WTI sharply advances in the New York session, up by almost 2%, trading at $82.93 per barrel. Earlier, Tuesday, oil retreated under the $81.00 psychological figure, but later found support at the 1-hour 50-simple moving average at $80.99, which capped the downward pressure on the U. S. crude …

The total active U.S. rig count, which includes those drilling for natural gas, climbed by six to stand at 550, according to Baker Hughes. December West Texas Intermediate crude continued to trade sharply higher, up $2.40, or 3.1%, at $81.21 a barrel on the New York Mercantile Exchange.U.S. energy firms …

As widely anticipated, OPEC+ has agreed to stick to their existing plan to increase output by 400K barrels per day/month in December. Despite this news, trade has been uneven over the last hour, with oil prices having fallen back sharply from earlier highs. Front-month WTI futures, which were above $83.00 …

Oil prices surged Tuesday, near multi year highs as the market remains tight given increasing fuel demand due to cold weather, particularly in the U.S., and only gradual increases in supply.U.S. crude futures were up 0.5% at $84.16 a barrel, while Brent futures were up 0.4% at $85.50 a barrel. …

Oil prices settled at a three-year high above $85 a barrel on Friday, boosted by anticipated supply deficit in the next few winter months as the easing of coronavirus-related travel restrictions leads demand surge.Brent crude futures settled up 86 cents, or 1%, at$84.86 a barrel. Front-month prices, which touched their …

WTI futures capped at $81.61, and remain steady above $80.00. OPEC forecasts, US stocks weigh on oil prices.U. S. Oil prices consolidate between $79.45 and $81.60. Front-month WTI futures have been rejected at $81.61 session high earlier Thursday, and prices have retreated moderately during Thursday’s US trading session. Oil prices, …

The price of West Texas Intermediate crude oil futures are settling at $77.43. That is down $1.50 or -1.9%. The price is settling near the lows for the day at $77.06. The high for the day was up at $79.78.The move to the downside was helped by comments early in …