Tag Archives: WTI

Oil prices edged slightly higher in choppy trading on Friday, heading for a second weekly gain as positive U.S. economic growth and signs of Chinese stimulus boosted demand expectations, while Middle East supply concerns added further support.At the time of writing, Brent crude futures are up $1.19, or 1.49%, at …

Oil prices retreated on Friday, but they were poised to register their most significant weekly gains since October, buoyed by positive economic data from the United States and signals of Chinese stimulus that supported oil demand. Brent crude futures declined by 0.57%, or 47 cents, settling at $81.96 per barrel …

Oil prices experienced an upward surge on Thursday, driven by a combination of factors contributing to market optimism. Data revealing a substantial drop in US crude inventories, coupled with the Chinese central bank’s decision to reduce the reserve requirement ratio for banks, generated positive sentiment and heightened hopes for continued …

Crude oil prices surged on the energy markets after US supplies fell more than anticipated. The US’s crude stockpiles saw a sharp decline, but refined petrol saw an increase, according to the EIA. Logistics for crude oil were hindered by the cold, but demand is predicted to rise due to …

In a nuanced dance between geopolitical tensions, demand considerations, and currency dynamics, oil prices exhibited mixed movements on Wednesday. The March contract for Brent crude managed a modest rise of four cents, reaching $79.59 per barrel, while US West Texas Intermediate crude mirrored the increase, ticking up four cents to …

Oil prices experienced minimal changes on Tuesday as traders grappled with conflicting data on supply and demand, amidst rising tensions in the Middle East and disruptions to production in the United States due to cold weather issues. As of 03:53 GMT, Brent crude futures dipped by two cents to $80.04 …

Oil prices declined for the second consecutive day on Monday, influenced by persistent concerns about global demand amidst challenging economic conditions. This overshadowed geopolitical tensions in the Middle East and an attack on a Russian fuel export terminal over the weekend. As of 0105 GMT, the price of Brent crude …

Despite a minor decline on Friday, oil prices saw a weekly increase as Middle East tensions and interruptions to oil production outweighed worries about the Chinese and worldwide economies. A barrel of Brent futures ended the day 54 cents lower at $78.56. West Texas Intermediate oil dropped 67 cents to …

Oil prices experienced a decline on Friday following a recent uptick. Geopolitical tensions and disruptions in US oil production due to a cold snap were counteracted by concerns over slowing demand growth in China and expectations of increased supply. As of 0420 GMT, Brent crude futures dropped by 23 cents, …

Oil prices experienced an increase on Thursday, buoyed by OPEC’s optimistic forecast for robust global oil demand growth over the next two years. Brent crude futures rose by 28 cents to reach $78.16 per barrel, while US West Texas Intermediate crude futures increased by 34 cents, reaching $72.90. According to …