WTI – Page 10 – Oil & Gas 360

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

September 28, 2021

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 sessions for oil, with the rally supported by demand rebounding as supply remains tight. West Texas Intermediate crude futures, the U.S. oil

Oil prices rise on falling U.S. crude inventories

September 22, 2021

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 traded above $71 a barrel after rising as much as 1.9%. Nationwide stockpiles sank more than 6 million barrels, including

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

September 21, 2021

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 crude gained 52 cents, or 0.7%, to $74.44 a barrel by 1338 GMT, having fallen by almost 2% on Monday.

Oil steady as U.S. jobs report disappoints

September 3, 2021

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 were up 8 cents to $73.11 a barrel at 1415 GMT, while U.S. West Texas Intermediate (WTI) crude futures were

Oil rises as market shrugs off virus impact

August 10, 2021

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 up 64 cents, or 0.9%, at $69.68 a barrel by 1329 GMT, and U.S. oil rose 79 cents, or 1.2%,

Oil prices rises, on track for weekly gain

July 30, 2021

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 futures for September, which expire on Friday, rose 20 cents, or 0.3%, to $76.25 a barrel by 1338 GMT. The more

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

July 2, 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 crude markets to climb even higher in the coming months, although not everyone is convinced that’s the case. International benchmark Brent crude

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

July 1, 2021

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 production curbs in response to growing demand as the global economy gathers momentum. West Texas Intermediate crude for August delivery CL00, +2.33% CLQ21, +2.33% up

Column: Rising oil price will draw response from consumers

June 30, 2021

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 an inflation-adjusted median of just over $70 since the start of the century (https://tmsnrt.rs/3dqmMgT). Hedge funds and other money managers

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

June 22, 2021

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 reach $100 but we could see again in the coming years some lows as we have been accustomed to volatility,”

Brent rises above $75 a barrel on strong demand outlook

June 22, 2021

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. US West Texas Intermediate (WTI) crude was at $72.97 a barrel, down $0.69 or 0.9%. OPEC+ is discussing a gradual

Oil prices up over $1 amid potential Iran talks hitch

May 24, 2021

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 with increased Iran exports. Brent crude oil futures for July were 90 cents, or 1.4%, higher at $67.34 a barrel by 1215 GMT,

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