Tag Archives: WTI

Oil prices fell in early Asian trading on Friday after concerns about demand offset the impact of strong economic data. Brent crude was down 59 cents, or 0.7 percent, at $83.65 a barrel by 0027 GMT, but was on track for a weekly increase of 5 percent. US West Texas …

On Thursday, WTI jumped above $80.00 for the first time since the middle of April. The increase in oil prices is supported by tighter global supply and Chinese stimulus. The price of American crude oil increased by more than 1% to over $80.00, which is the highest level since mid-April. …

Oil prices rose 1 percent on Thursday, to compensate for the losses of the previous session, after overshadowing concerns about the economic slowdown, and expectations of an increase in Chinese demand. And by 0522 GMT, Brent crude futures rose 72 cents, or 0.9 percent, to $ 83.64 a barrel. US …

WTI gained support at a $78.66 daily low and later rose above $79.00 although still suffering daily losses. The FOMC decision, which is anticipated to result in a 25 bps raise, will be the session’s high point. EIA Crude Oil stockpiles decreased by 0.6M in the third week of July, …

Oil prices fell on Wednesday, retreating from their highest levels in three months the day before, after industry data showed a rise in US crude stocks, but signs of shrinking global supplies and hopes for a stimulus in China limited losses. Brent crude futures fell 32 cents, or 0.4 percent, …

The WTI climbed above $79.00. The American crude records a four-day winning streak on Tuesday, but the upside may be limited to technical indicators starting to flash overbought conditions.Chinese economic stimulus supported Oil prices while focus in the markets shifts to Wednesday’s Fed decision. Earlier in the day, Chinese news …

Oil prices rose on Tuesday, extending the gains made in the previous session, as signs of declining supplies and the Chinese authorities’ pledge to support the world’s second largest economy lifted sentiment. Brent crude futures rose seven cents to $82.81 a barrel at 00:07 GMT, while US West Texas Intermediate …

WTI increased by 2% to begin the week over $78.00 and the 200-day SMA. Oil prices are supported by global supply constraints and Chinese economic stimulus. Following PMI surveys, all eyes are on the main central bank’s choices. The American crude is trading at $78.929 per barrel at the time …

Oil prices fell on Monday as investors awaited further rate hikes from the US and European central banks, while tight supply and hopes for Chinese stimulus kept Brent crude at $80 a barrel. By 0045 GMT, Brent crude futures were down 41 cents, or 0.5 percent, at $80.66 a barrel. …

Brent crude prices rose in Asian trading on Friday, amid market assessments of the possibility of announcing economic stimulus measures in China after weak economic data, as well as falling inventories in the United States and reducing supplies from two major producers. Brent crude futures rose 63 cents to $80.27 …