Tag Archives: WTI crude oil

Oil prices approached stability on Friday, as optimism about a possible increase in energy demand in China dashed and markets weighed on fears of rising inflation. Brent crude futures fell 12 cents to trade at $92.26 a barrel by 0219 GMT. West Texas Intermediate crude futures fell four cents to …

WTI futures are trading higher for the second consecutive day on Thursday, to depart the last two weeks’ downtrend. WTI crude has extended its recovery from Tuesday’s lows at $82.15 to session highs at $87.10 before retreating around $86.00 zone. The American crude is trading at $84.47 per barrel at …

Oil prices rose nearly $1 on Thursday as investor sentiment rose on news that China is considering reducing the duration of the quarantine for arrivals. By 0610 GMT, Brent crude futures for December settlement rose 80 cents, or 0.9 percent, to $92.21 a barrel. West Texas Intermediate crude futures for …

The weekly report by the US Energy Information Administration showed a decline in crude oil inventories of 1.725M against expectations of an increase by 1.38M during the week ending October 14. Cushing crude oil inventories rose by 583K and gasoline inventories by declined by 114K.Crude oil prices are steady after …

The WTI crude is under pressure leading up to the key event of the week; namely Thursday’s US Consumer Price Index. At the time of writing, WTI is trading at 87.18 having crawled between $86.30 low and $90.05 high. Oil retreated on Wednesday with overall negative performance, losing over 1.8% …

Oil surged on Thursday during a volatile US trading session while investors’ focus shifts to accelerating concerns related to Russian oil supply and as the BoE’s interest rate hike that came less than expected.Brent crude futures are trading at $89.59 at the time of writing, namely crude price has gained …

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 …