Post Tagged with: "WTI"

Source: Reuters

Platts says adding Midland to Brent has gone well, no need for more

Yahoo Finance


LONDON – Commodities pricing agency Platts said on Monday its addition of U.S. WTI Midland crude into the global Brent oil benchmark has gone well, and it won’t be necessary to add any further crudes for the time …

Source: Reuters

Analysis-Promise of calmer markets as US Oil wrests pricing power from Brent

US News


LONDON – Increased exports of oil from the United States into Europe and Asia mean U.S. crude has snatched back its primacy in setting international pricing after North Sea grades have for decades determined the value of the

Oil price rally sees WTI top $90

Oil price rally sees WTI top $90

Oil Price


West Texas Intermediate (WTI) soared past $90 in Thursday morning trading, up over 30% in three months, driven by sustained OPEC+ production cuts and indications that a tighter market is coming. At 10:51 a.m. ET on Wednesday, WTI …

Exclusive: W & T Offshore at the 2023 EnerCom Denver-The Energy Investment Conference

Exclusive: W & T Offshore at the 2023 EnerCom Denver-The Energy Investment Conference

Publisher's Note: View EnerCom Denver-The Energy Investment Conference® replays free for a limited time.

 

W&T Offshore, Inc. is active in the acquisition, exploration and development of oil and natural gas properties in the Gulf of Mexico, the second-largest

Source: Reuters

WTI plunges 4% ahead of Fed rate decision

Oil Price


Oil markets have kicked off the new week on a sour note with both Brent and WTI crude sliding over $3 per barrel after Goldman Sachs’ latest call. Last week, Goldman Sachs’ oil ultra bull Jeff Currie once …

Source: Reuters

Oil rises as Chinese border opening spurs fuel demand optimism

Nasdaq


Oil prices climbed on Monday as the borders reopened in China, the world’s top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns.

 

Brent crude futures LCOc1rose 90 cents, or 1.2%, to …

Source: Oil Price

WTI oil jumps above $80 as China scraps Covid restrictions

Oil Price


The U.S. benchmark oil price rose on Monday evening and early on Tuesday to above $80 per barrel after China announced on Monday a major easing of its Covid travel quarantine rules and after Winter Storm Elliott knocked …

Source: Reuters

Oil claws back some losses but strong dollar caps gains

BOE Report


Oil prices rose modestly in early trade on Monday after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand.…

Source: Bloomberg

WTI oil falls below $90 for first time since Ukraine invasion

World Oil


(Bloomberg) — U.S. crude futures fell below $90 a barrel for the first time since February, the month Russia invaded Ukraine.

 

Futures dropped as much as 1% to $89.80 a barrel. Prices have given up all of …

Source: Reuters

Oil rises on Saudi oil production expectations

Reuters


LONDON :Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, with further support from indications that the U.S. central bank could raise interest rates less aggressively than anticipated.…

Source: Reuters

Column: Seasonal weakness could take some heat out of oil prices

Nasdaq


LONDON, Nov 11 – Oil prices are expected to stabilise near current levels over the next few months, then decline progressively over the course of next year, according to the latest forecasts from the U.S. Energy Information Administration.

The …

November 11, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil prices rise by $2 ahead of OPEC+ meeting

Reuters


LONDON, Nov 4 – Oil prices rose more than $2 on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to …

Source: Reuters

Column-Rising oil prices are fuelling expected inflation: Kemp

Nasdaq


LONDON (Reuters) – Past changes in oil prices are closely associated with U.S. consumers’ and investors’ expectations for overall inflation in future, which helps explain why they are sensitive for central banks and other policymakers.

In the last three …

Source: Reuters

Energy topped the S&P 500 again in October. Here’s where the trade heads next

CNBC


Energy led the markets for another month.

The second-best S&P 500 performer, just behind consumer discretionary, rose 10% in October and added to a 52% gain for the year.

Industry heavyweights Chevron and Exxon both reported better-than-expected profits on

Source: Reuters

Falling crude inventories pin WTI oil price near $83

World Oil


(Bloomberg) –Oil swung between gains and losses as traders weigh the ongoing impact of a global energy crunch and dwindling inventories at a key U.S. storage hub.

Front-month futures in New York traded below $83, paring an earlier …

Source: CNBC

Brent oil jumps to nearly 3-year high above $80 before turning negative

CNBC


International oil benchmark Brent crude jumped during early trading on Tuesday morning, topping $80 per barrel for the first time since October 2018 before reversing those gains and dipping into negative territory. The breather comes after five straight positive …

Source: Reuters

Oil prices rise on falling U.S. crude inventories

World Oil


(Bloomberg) –Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a major developer’s debt woes.

West Texas Intermediate …

Source: Reuters

Oil rallies on tight supplies in aftermath of U.S. storm

Reuters


LONDON – Oil prices rose on Tuesday as tighter U.S. supplies helped to reverse days of losses triggered by concerns across global markets about the impact on China’s economy of a crisis at heavily-indebted property group China Evergrande.

Brent …

September 21, 2021 - 11:00 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil steady as U.S. jobs report disappoints

Reuters


LONDON -Oil prices were steady on Friday after a U.S. jobs report indicated a patchy recovery amid the pandemic but the demand picture remained bright globally and the aftermath of a U.S. hurricane also checked losses.

Brent crude futures …

Source: Reuters

Oil rises as market shrugs off virus impact

Reuters


LONDON – Oil prices rose on Tuesday, recouping some of their losses in the previous session, as rising demand in Europe and the United States outweighed concerns over an increase in COVID cases in Asian countries.

Brent crude was …

FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016.  REUTERS/Nick Oxford

Oil prices rises, on track for weekly gain

Reuters


LONDON -Oil prices rose on Friday and were on track to post weekly gains, with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe.

Brent crude

Source: CNBC

$100 oil? Analysts share their price forecasts after a strong rally in the first half of 2021

CNBC


Oil prices surged more than 45% in the first six months of 2021, rallying toward $80 a barrel for the first time in more than two and a half years.

Analysts on Wall Street believe there is potential for

Source: Reuters

Oil surges as traders await OPEC+ decision on easing production cuts

Market Watch


Oil futures jumped Thursday, with the U.S. benchmark topping $75 a barrel for the first time since October 2018, as traders await a decision by the Organization of the Petroleum Exporting Countries and its allies on further easing …

Source: Reuters

Column: Rising oil price will draw response from consumers

Todayonline


LONDON – Oil prices have risen above the long-term average, once adjusted for inflation, and are likely to encounter increasing resistance from consumers if they continue to climb.

Front-month Brent futures are trading around $75 per barrel compared with …

Source: Reuters

Oil may hit $100 but volatility will also grow, say energy CEOs

Reuters


LONDON – Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday.

“There is quite a chance to …

Source: Reuters

Brent rises above $75 a barrel on strong demand outlook

Reuters


TOKYO – Crude oil prices steadied on Tuesday after Brent rose above $75 a barrel for the first time since April 2019, with prices underpinned by a strong demand outlook and as OPEC+ begins discussions on raising oil production.…

Source: Reuters

Oil prices up over $1 amid potential Iran talks hitch

Reuters


LONDON -Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs (NYSE:GS) said the case for higher prices remained intact even …

Oil prices steady on hopes for economic recovery

Oil prices steady on hopes for economic recovery

Reuters


LONDON – Oil prices held firm on Monday, trading in a tight range as European economic reopenings offset gloom from surging coronavirus cases in Asia, fresh restrictions and underwhelming Chinese manufacturing data.

Oil prices steady on hopes for economic recovery- oil and gas 360

Brent crude rose 14 cents, or 0.2%, …

Source: Reuters

Oil prices jump but India coronavirus cases weigh

Reuters


LONDON – Oil prices rose on Friday, reversing some of the previous day’s sharp losses as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India.

Brent crude …

Source: Reuters

Oil prices rise 2% on fuel demand optimism

Reuters


NEW YORK -Oil prices rose 2% on Wednesday, after U.S. distillate inventories posted a large drawdown and refining activity picked up, boosting hopes for rising fuel demand.

The market remained concerned, however, about India’s surging coronavirus cases.

Brent crude …