Tag Archives: WTI

This week started in slow motion, and the US dollar ended the day mixed across the board. The American currency managed to add some ground against its European rival currencies, although EUR/USD held above 1.1400, while GBP/USD settled at around 1.3530.European Central Bank President Christine Lagarde poured cold water on …

West Texas Intermediate crude oil is now down by 0.8% on the day so far, it is now traded at $91.22 after falling from a high of 92.70 to a low of 90.76. The black gold is retreating from its highest levels in seven years as supply risk sentiment takes …

The West Texas Intermediate crude oil was hit by profit-taking in early European trade, dipping at one point under the $91.00 level. However, trade has since been choppier in both directions, with WTI prices more recently swinging between the $91.00-$92.00 area. At current levels around $91.50, front-month WTI futures trade …

Oil prices swung up and down on Monday, as some investors booked profits amid signs of progress in talks between the United States and Iran, while others remained optimistic about support for rising consumption as supply constraints remain. Brent crude rose 20 cents, or 0.2 percent, to $93.47 a barrel, …

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 497 this week. That followed a climb of four oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural …

The US oil benchmark jumped to above $92 per barrel early on Friday, its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.West Texas Intermediate crude oil broke this week the $90 a barrel mark for the first time …

Oil prices reached their highest level in seven years on Friday as geopolitical tensions and a winter storm in the United States fueled concerns about supply disruptions. Brent crude rose $1.32, or 1.5 percent, to $92.43 a barrel by 1120 GMT, after earlier touching its highest level since October 2014, …

The supplies of fuel oil in the United States, including diesel and heating oil, have fallen, and refineries are finding it difficult to refill their stocks, which could keep prices high for months. Demand for diesel, heating oil and other petroleum products has been increasing for months, more than pre-pandemic …

Commodity-linked currencies were little changed against the greenback. AUD/USD is unchanged at around 0.7130, while USD/CAD hovers around 1.2670.The USD/JPY nears 115.00 at the end of the American session, as government bond yields edged higher. The yield on the 10-year Treasury note is currently at 1.82%.Gold trimmed intraday losses and …

Oil prices retreated on Wednesday even after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly after prices rallied to 2014 highs.Brent crude was down 7 cents to $89.09 a barrel at 12:15 p.m. EST (1715 GMT) while US West Texas Intermediate …