Tag Archives: WTI

WTI crude oil prices have been affected by global economic concerns and a pessimistic outlook. Goldman Sachs has revised its forecast for WTI crude oil from $89 a barrel to $81 by the end of the year due to expectations of increased oil supplies from Russia and Iran. This downward …

Oil prices rose on Friday and were broadly stable for the week as Saudi Arabia’s pledge to cut production helped calm concerns about demand growth. And by 0932 GMT, Brent crude futures rose 36 cents, or 0.5 percent, to $ 76.32 a barrel, and West Texas Intermediate crude rose 34 …

On Thursday, the White House denied a new report that the United States and Iran were close to a deal in which Iran would limit its nuclear program in return for sanctions relief. As a consequence, crude oil prices rebounded, trimming losses. The WTI barrel is down by just 1.50%, …

WTI, the US crude oil benchmark, dropped sharply during Thursday’s US trading session due to an “unconfirmed” report that the United States and Iran may be closer to a temporary nuclear deal, which could unblock sanctions imposed by the US on Iran oil exports. At the time of writing the …

The Australian dollar jumped to its highest level since mid-May on Tuesday after the Reserve Bank of Australia raised interest rates. And the US dollar continued its decline from the highest level in two and a half months, which it reached last week, against major currencies, after unexpectedly weak data …

Oil prices fell on Tuesday, giving up most of the gains made in the previous session, after Saudi Arabia, the world’s largest oil exporter, announced its intention to cut production further. Brent crude futures fell 23 cents, or 0.3 percent, to $76.48 a barrel by 0020 GMT. US West Texas …

Oil prices rose by more than $1 a barrel on Monday after Saudi Arabia, the world’s largest oil exporter, pledged to cut production by an additional 1 million barrels per day from July 1, as it tackled the unfavorable macroeconomic conditions that dampened markets. Brent crude futures rose $1.08, or …

Oil prices have rallied for the second day on Friday as global markets breathe a sigh of relief after the US Senate votes through the debt-ceiling extension bill, vaulting the final hurdle prior to implementation. The possibility of OPEC+ announcing more production cuts at its June 4 meeting further supports …

WTI falls for the second consecutive trading day on concerns about the passage of the US debt-ceiling bill and conflicting statements from oil producers. Some Republicans express reluctance to pass the debt-ceiling pact, raising fears about the US government’s ability to meet its financial obligations.WT crude oil benchmark retreats for …

US stocks closed higher on Friday as progress was made in talks to raise the US debt ceiling, while chip stocks jumped for the second day amid optimism about artificial intelligence. After several rounds of talks, a US official told Reuters that US President Joe Biden and Republican House Speaker …