Share: WTI price gains ground as US oil stock decreases in the previous week. API Weekly Crude Oil Stock fell to 5.215M against the expected decline...
Share: WTI price could advance as markets fear the uncertainty around the Middle-East conflict. US Secretary of State Antony Blinken arrived in Tel Aviv to discuss...
Share: WTI’s sharp decline triggered by Saudi price cuts to Asian markets, amidst increased oil production by some OPEC members. Geopolitical tensions in the Middle East...
Share: WTI price faces challenges as Saudi has cut prices of its Arab Light Crude to Asia. OPEC+ oil output increased by 70,000 bpd to reach...
Share: Crude Oil markets bumped on continued threat of Middle East conflict spillover. Cargo ships are beign diverted from the Red Sea for the foreseeable future....
Share: US gasoline inventories surged on Thursday, eating away at EIA Crude Oil inventory decline. Front-loaded oversupply set to continue pressing Crude Oil lower as OPEC...
Share: WTI price soars on heightened tensions about maritime security in the Red Sea. Houthis launched two anti-ship ballistic missiles targeting a container ship on its...
Share: WTI price receives downward pressure US Dollar improves on risk-off sentiment. The expected higher oil supply in the first half of 2024 put pressure on...
Share: Crude Oil initially rose on Tuesday after reports of ongoing ship attacks near Yemen. Economic data continues to soften, souring Crude Oil bids. OPEC production...
Share: WTI declined on Thursday, extending losses as broad-market risk flows reverse direction. Crude Oil markets are facing declines, shrugging off an unexpected decline in US...
Share: WTI prices gain ground near $74.30, adding 0.52% on the day. The weaker USD due to a raised bet on rate cuts from the Fed,...
Share: WTI chipped lower as shipping continued through Red Sea despite new rebel attacks. Crude bids are eating away at last week’s gains as shipping lanes...
Share: Russian Deputy PM Alexander Novak expressed his view on oil supply cuts and Brent oil prices in 2024, in his appearance on Wednesday. Key comments...
Share: Crude Oil whipsawed on Thursday as energies grappled with headlines pulling in multiple directions. Angola is the latest country to quit OPEC, further reducing OPEC’s...
Share: WTI price faced the challenge as US Crude inventories rose unexpectedly. US EIA Crude Oil Stocks Change rose to 2.909M barrels against the expected decrease of...
Share: Crude Oil production continues to outpace demand, fourth quarter’s steep drawdowns fail to materialize. WTI still pinned near $74.00 per barrel as energies keep aloft...
Share: WTI attempts to recover recent losses on Russia’s deepened oil export cuts. Russian Deputy Prime Minister Alexander Novak said that Russia would deepen oil cuts...
Share: Crude Oil markets are heading lower to close out the trading week. WTI is testing into the low end, shedding the $72 handle. US Crude...
Share: WTI price moves upward on the sentiment of reduced borrowing costs in the future. Crude oil prices receive support as US EIA Crude Oil stockpiles...
Share: WTI price extends its gains possibly on expectations of a rise in monthly US CPI. Market expects US CPI (YoY) to ease to 3.1% and...