WTI – Page 9 – Oil & Gas 360

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

August 31, 2023

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 producing basin in the U.S. The Gulf of Mexico offers unique advantages, and we are uniquely positioned to create value with a diverse portfolio in valuable deepwater projects. About EnerCom, Inc. Founded in 1994, EnerCom, Inc. is an

WTI plunges 4% ahead of Fed rate decision

June 12, 2023

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 again lowered his Brent forecast for December, this time to $86 a barrel from $95 and $100 before that. Currie cited increasing supply

Oil rises as Chinese border opening spurs fuel demand optimism

January 9, 2023

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 $79.47 a barrel at 0520 GMT, while U.S. West Texas Intermediate crude CLc1 was up 90 cents, or 1.2%, at $74.67. Hopes for less-aggressive U.S. interest rate rises are buoying financial

WTI oil jumps above $80 as China scraps Covid restrictions

December 27, 2022

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 offline around 1.5 million bpd of refinery capacity in the U.S. Gulf Coast. As of early morning trade in

Oil claws back some losses but strong dollar caps gains

September 26, 2022

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. The dollar index climbed to a fresh 20-year high on Monday, capping oil price gains. U.S. West Texas Intermediate (WTI)

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

August 4, 2022

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 their gains since the war began as higher interest rates and a looming global economic slowdown menace demand. On the

Oil rises on Saudi oil production expectations

July 15, 2022

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. Brent crude futures for September delivery rose 76 cents, or 0.77per cent, to US$99.86 a barrel by 0929 GMT while

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

November 11, 2021

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 EIA expects output increases from OPEC+, U.S. shale firms and other oil producers will outpace slowing growth in consumption, helping

Oil prices rise by $2 ahead of OPEC+ meeting

November 4, 2021

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 cool the market. Brent crude was up $2.15, or 2.6%, at $84.14 a barrel by 1338 GMT and U.S.

Column-Rising oil prices are fuelling expected inflation: Kemp

November 3, 2021

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 decades, the rise and fall in oil prices has correlated with expectations about future inflation measured by the University of

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

November 1, 2021

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 Friday morning thanks to surging oil prices. West Texas Intermediate crude also hit its highest level since October 2014 earlier in the week. The sector was again higher Monday ahead

Falling crude inventories pin WTI oil price near $83

October 22, 2021

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 drop as the dollar cooled. While headline prices have been volatile over the last two sessions, the market’s structure has

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