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HomeWTI

WTI

Commodities

WTI Holds Gains Despite API Reporting Unexpectedly Large Crude Build

October 25, 2022 Mariel Alumit

Oil prices rebounded today from earlier losses as fears over tight supplies once again became top of mind for many as ‘peak hawkishness’ overtook ‘China demand fears’. Oil was also helped by a weaker dollar… […]

Finance

WTI Slides Despite Small Crude Draw, Production Hike

October 19, 2022 Mariel Alumit

Despite an overnight dump’n’pump, oil prices are higher this morning as continued US efforts to curb prices and concerns over a global recession battle signs of tight supply (and an unexpected draw reported by API […]

Oil prices
Crude Oil News

Oil plunges to eight-month low on strong dollar, recession fears

September 23, 2022 Mariel Alumit

NEW YORK (Reuters) –Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip […]

Oil rebounds
Crude Oil News

Oil rebounds from 8-month low after hitting oversold territory

September 9, 2022 Mariel Alumit

(Bloomberg) — Oil rebounded from an eight-month low as the market shrugged off a U.S. report showing swelling crude stockpiles and slumping demand. West Texas Intermediate advanced 2% in a move traders characterized as a […]

API
Crude Oil News

Large Crude Draw Adds To Bullish Sentiment

July 27, 2022 Mariel Alumit

The American Petroleum Institute (API) reported a large draw this week for crude oil of 4.037 million barrels, while analysts predicted a draw of 1.121 million barrels. The build comes as the Department of Energy […]

BLM
Crude Oil News

Heavy crude discount narrows marginally

July 14, 2022 Stu Turley

The discount on Canadian heavy crude versus the West Texas Intermediate (WTI) benchmark edged tighter on Thursday: * Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, settled at $21.60 a […]

Oil prices
Top News

Oil prices plummet below $100 as recession risks gain focus

July 5, 2022 Mariel Alumit

(Bloomberg) — Oil headed for its worst trading day in almost three months as recession fears iced markets, outweighing a fundamentally tight supply market. West Texas Intermediate crude futures dropped as much as 10%, the […]

Commodities

Oil prices move higher, but set for weekly loss amid demand worries

June 24, 2022 Stu Turley

Crude prices were set to rise for the first session in three on Friday, though set for a weekly loss as the market has tried to buck worries over economic slowdowns that could cut into […]

Overnight Oil Report

ICE Brent crude futures retake $120/b as supply outlook remains tight

June 7, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning trade in Asia June 7 as supply remained tight, with the ICE Brent crude marker once again retaking the $120/b level after failing to settle above it in […]

USA Oil and Gas
Industry Insights

USA Oil and Gas Employment Set to Rebound

May 19, 2022 Mariel Alumit

Employment in the U.S. oil and gas industry is set to rebound in the coming years and surpass pre-Covid levels, according to new research by Rystad Energy. The company noted that the total number of […]

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