Tag Archives: WTI crude oil

Oil prices rose on Monday, recovering some of the losses from the previous week, due to concerns about a potential escalation in the Middle East following a rocket strike in the Israeli-occupied Golan Heights. This strike, which Israel and the United States attributed to the Lebanese armed group Hezbollah, resulted …

Oil prices saw a slight uptick on Friday but remained on course for a third consecutive week of declines, influenced by weak demand from China and evolving geopolitical developments in the Middle East. Marginal Gains on Friday Brent crude futures for September inched up by 12 cents, or 0.2%, to …

Oil prices edged lower on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a possible ceasefire deal in the Middle East outweighed the previous session’s gains. The gains had been driven by larger-than-expected declines in U.S. crude inventories. Brent crude futures for …

Oil prices experienced a notable rebound on Wednesday, halting a three-day streak of losses. The uptick in prices was driven by a combination of decreasing U.S. crude inventories and heightened supply risks due to wildfires in Canada. Brent crude futures for September increased by 40 cents, or 0.5%, reaching $81.41 …

According to a recent note from Morgan Stanley, the current tightness in the crude oil market is expected to ease next year, leading to a potential surplus and a decline in Brent prices to the mid-to-high $70s range. While the market is expected to remain tight throughout most of the …

ECB Policy Decision, USD Gains Momentum: The European Central Bank (ECB) adhered to market expectations by leaving its policy rates unchanged. President Christine Lagarde’s remarks also failed to surprise investors. However, the US dollar (USD) regained strength, fueled by rising yields ahead of key Federal Reserve (Fed) speakers scheduled for …

Oil prices continued to rise on Thursday, supported by a larger-than-expected decline in U.S. crude inventories, signaling strong demand from the world’s largest oil consumer. Brent crude futures rose 0.5% to $85.49 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.8% to $83.54, both building on gains from …

A larger-than-expected weekly decline in US crude stockpiles and a weaker US currency overcame hints of slower Chinese economic growth as oil prices rose by almost 2% on Wednesday. By 1:33 p.m. EDT (1733 GMT), Brent futures had increased by $1.35, or 1.6%, to $85.08 per barrel, while US West …

Oil prices experienced a slight decline on Wednesday, with Brent crude hovering near a one-month low due to persistent worries about weakening demand in China. However, the losses were somewhat mitigated by a reported decline in U.S. oil inventories. Key Points: Brent and WTI Decline: Brent crude oil futures fell …

West Texas Intermediate (WTI) crude oil prices dropped below $80.00 per barrel due to weakening Chinese demand. The market decline is persisting, and bids are approaching long-term averages, leading to a slowdown in the WTI bull run.Tuesday saw a decline in WTI oil as investors were increasingly concerned about the …