The price of West Texas Intermediate (WTI) closed at a discount of $3.09 to Brent on June 19, 2015. The gap is the lowest in five months, when the spread narrowed to $2.76 at the closing of January 21.
WTI …
The Energy Information Administration (EIA) released its Short Term Energy Outlook (STEO) for the month of May, showing prices for both Brent and West Texas Intermediate …
Groundhog Day might have been a scare for two out of three groundhogs, but not for the world’s oil bulls.
In spite of warnings of a short-lived rally from some banks, oil prices …
The oil and gas industry wasn’t given much of a respite following the unofficial ending to the holiday season. Oil prices continued their plunge on Monday, January 5, 2015, with West Texas Intermediate (WTI) and Brent prices closing at $49.78 …
The International Energy Association (IEA) released its Oil Market Report (OMR) for December, cutting the outlook for 2015 global oil demand growth by 230 MBOPD to 900 MBOPD on lower expectations for the Former Soviet Union and other oil-exporting countries, …
OPEC cut demand forecast for its crude oil to a 12-year low, sending oil prices, energy shares and the overall stock market into a dive on Wednesday. West Texas Intermediate (WTI) traded at a day low …
Following last Thursday’s announcement by OPEC that the cartel would maintain its present oil production levels, prices of West Texas Intermediate (WTI) crude closed at $66.15 per barrel on Friday. In early trading Monday, the U.S. benchmark hit a low …
CIBC’s Katherine Spector Lays Out a Few Scenarios
Head of Commodities Strategy for CIBC World Markets, Katherine Spector, hosted a conference call for CIBC clients on Wednesday morning in advance of both the U.S. Thanksgiving Day holiday and tomorrow’s …
West Texas Intermediate and Brent crude prices are both up today with strong U.S. economic data and hopes of OPEC production cuts possibly coming on Thanksgiving day, but experts are divided on whether prices will continue to climb. WTI traded …
When and where will the dust settle?
Brent crude traded at $86.50 Tuesday morning, at the same time WTI was trading at $84.25. By midday they were both down, to $86.00 and $82.66, respectively. By afternoon, Brent was off …
Investors nervous as oil prices and energy stocks continue to decline
Oil and gas investors hoping for a recovery on Monday would have no such luck. Prices for crude continued to drop as trading concluded on October 13, 2014, and …
The stock market posted its second straight day of sizable losses on Tuesday, and the oil market was not spared from the bullish trading. West Texas Intermediate (WTI) for November delivery closed at $88.85, a 17-month low, on October 7, …
Production in the Permian is at an all-time high, but its prices per barrel are a different story.
Spot prices at the Permian’s main hub in Midland, Texas, are trending among three-year lows. Its differential on August 25, 2014, was …
Energy XXI’s Chairman and CEO John Schiller appeared on CNBC’s Mad Money to talk about the disconnect between WTI and Brent crude oil prices, EXXI’s joint venture with Apache to explore the Gulf of Mexico shelf, and the company’s strategy …
In March 2013, Louisiana Light crude oil spot price traded at an average premium of $2.63 per Bbl to the Brent crude oil spot price. Brent in February 2013 was -2.5% lower than the same month last year. The median …
