Share: WTI price experiences upward support on the subdued Greenback. Crude oil prices faced pressure on softer output cuts. OPEC+ decided to reduce a total of...
Share: WTI dropped more than $3.00 after hitting a daily high of $79.56, shy of the $80.00 per barrel barrier. OPEC+ decided to slash Crude Oil...
Share: WTI price struggles to halt its losing streak. OPEC+ is expected to extend the oil production cut in 2024. IEA anticipates a slight surplus in...
Share: WTI crude oil prices declined following the start of a truce in the Gaza Strip. OPEC+ postpones crucial meetings, sparking speculations of potential oil production...
Share: Crude Oil is clawing back after a downside shock fueled by OPEC meeting cancelation. OPEC finance minister meeting re-scheduled for November 30th. OPEC is expected...
Share: Crude oil prices face pressure due to a large buildup of US Crude oil stockpiles. API Weekly Crude Oil Stock increased by 9.047M barrels from...
Share: WTI prices trade in positive territory for the third consecutive day on Tuesday. Saudi Arabia is planning to prolong oil production cuts of 1 million...
Share: WTI scales higher for the second straight day and recovers further from a multi-month low. Expectations for additional supply cuts by OPEC+ turn out to...
Share: WTI crude oil recovers sharply after hitting a three-month low. Profit booking by traders also plays a role in WTI’s recovery from its recent plunge....
Share: WTI crude oil plummets to $72.55 per barrel, as US crude inventories build more than expected. Soft US economic indicators, including rising unemployment claims and...
Share: WTI crude oil falls to $76.50 per barrel, down 2.14%, following a larger-than-expected build in US crude inventories and record production levels. Economic contraction in...
Share: In its monthly oil market report, the Organization of the Petroleum Exporting Countries (OPEC) kept the “2024 world oil demand growth forecast unchanged at 2.25...
Share: WTI prices are up for Friday, but Crude Oil remains significantly down from recent highs. Market fears about declining demand have replaced fears of spill-over...
Share: Crude Oil is extending the week’s declines as demand for barrels swoons. US Crude stocks soared on Tuesday, and China’s data slowdown is hinting at...
Share: The WTI barrel price declined by more than 2% to $80.70. The US reported soft labor market figures. Tensions in the Middle East are easing, favouring the...
Share: Overall, crude oil and refined products have traded sideways for the month of October. Economists at Rabobank analyze Brent’s outlook. Brent will touch, but not...
Share: WTI prices gain momentum amid the risk-on mood, the softer US Dollar. The anticipation that FOMC has reached a peak in its interest rate hiking...
Share: WTI Crude Oil climbs more than 1.80%, rising above $82.00 per barrel, as US Dollar weakens. Investors react positively to Federal Reserve’s decision to keep...
Share: WTI prices hold positive ground above the $81.00 mark post Federal Open Market Committee (FOMC) meeting. The FOMC maintained the interest rate unchanged at the...
Share: WTI attempts recovery from $80.50 in hopes that the Fed will keep interest rates unchanged. The US Dollar Index gathers strength to extend recovery ahead...