Tag Archives: WTI

Crude oil prices have risen to their highest levels in seven years as domestic supply shortages in a number of pockets of the global energy market are intensified by investors seeking protection from “stagflation” by betting on prices that are still higher. Net speculative long positions in crude oil rose …

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by five to 433 this week. That followed increases in each of last four weeks. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by five to stand …

Oil prices fell for the second session, under pressure from an unexpected increase in US crude inventories that raised concerns about demand after prices rose to their highest levels in many years. US crude fell 0.67 percent, or 52 cents, to $76.91 a barrel before the opening of European markets, …

U.S. West Texas Intermediate crude oil futures are trading a little better Wednesday after hitting its highest level since 2014 the previous session. Global concerns about energy supply on signs of tightness in crude, natural gas and coal markets still persist.At 05:26 GMT, December WTI crude oil is trading $78.79, …

The Iraqi Oil Minister said that the price of oil between 75 and 80 dollars per barrel is a fair price for producers and consumers, adding that his country seeks to raise its production and export capacity in the coming years. Oil prices topped $83 a barrel on Wednesday, their …

West Texas Intermediate futures have bounced up to USD 75.70 on China’s measures to secure supplies.Crude oil futures have turned positive on daily charts. Oil prices lost ground following an unexpected increase in U. S. inventories.Oil prices have bounced more than USD 2 in less than an hour, erasing previous …

As Tuesday’s American trading session opened, the USD/CAD was trading at 1.2700, up by 0.59%.The USD/CAD pair has risen on the back of higher U. S. Treasury yields and the fall of the market’s risk sentiment.The U. S. 10-year Treasury yield reached a fresh two-month high at 1.567%. The fall …

Oil prices rally as supply and demand conflict with West Texas Intermediate up near to 2% on the trading day.WTI crude expects substantial buying flow according to the Commodity Trading Advisor, supporting higher prices.WTI is currently trading at USD 75.33 and is higher by 1.85% from as low as USD …

Oil prices fell on Monday, September 20, extending losses from last week, after the US dollar jumped to a three-week high and the number of US drilling rigs increased, even though nearly a quarter of US production in the Gulf of Mexico remained shut down after two hurricanes. Brent crude …

Baker Hughes, Friday, reported that the number of active U.S. drilling oil rigs rose by eight at 373 this week. The report signals a second successive weekly rise as last week, the oil rig count rose by six so, the total active U.S. rig count, including rigs drilling for natural …