Oil prices continue to find no support in the short term. WTI is nearing August lows. The oil prices they continue to pull back from one-month highs and trade at weekly lows. The barrel of WTI (trading platforms) went from trading above $97.00 on Tuesday to touching $86.89, the lowest since August 22 on Thursday. […]
Tag: WTI
Oil: WTI plunges more than 3% to lows in a week
Expectation of greater surplus in the oil market and risk aversion pull prices down. WTI barrels went from highs in almost a month to lows in more than a week in a few hours. The prices of Petroleum they are falling significantly for the second day in a row and are at their lowest in […]
Oil: WTI falls sharply from one-month highs
Oil prices plummet after hitting highs since late July. Fears of a global recession are once again affecting the markets. Oil prices are falling sharply on Tuesday, on concerns about the global recession. A barrel of WTI (trading platforms) is below $93.00, erasing Monday’s strong gains. Hours ago, the price of WTI had climbed to […]
EIA: Russia’s oil production has not fallen as much as expected — Fatih Birol
The head of the International Energy Agency (EIA), Fatih Birol, He noted on Monday that Russia’s oil production had not fallen as much as expected because it managed to find new markets outside Europe and added that domestic demand remained strong, according to Reuters. “In the future, it would be difficult for Russia to maintain […]
Oil: WTI extends recovery and hits highs in weeks
Oil prices are boosted on Monday despite low stock markets. Expectation of a possible cut by OPEC + helps the rises. Oil prices are rising on Monday despite the gloomy mood in financial markets. The increases exceed 2.50%, with some at maximum in weeks. In this way, they extend the recovery from the lows in […]
Iran Could Distribute Its Offshore Crude Oil Deposits If Nuclear Deal Is Reached – Bloomberg
“Progress toward an Iranian nuclear deal has put in the spotlight a sizeable cache of crude held by Tehran that could be quickly shipped to buyers should a deal be struck.“Bloomberg said during a news story published early on Monday. Featured Statements Some 93 million barrels of Iranian crude and condensate are currently stored on […]
Oil: WTI falls to three-day lows after US data
Crude oil prices changed trend after reporting personal income and spending. Market focus on Jerome Powell’s speech. The dollar falls on all fronts. The prices of Petroleum erased the day’s gains after the US personal income and spending report. The expectation now turns to Powell’s speech. The barrel of WTI (trading platforms) went from close […]
Oil: WTI erases daily gains, remains in weekly high zone
The price of oil reached the highest since August 2 before falling back. Greater-than-expected drop in inventories in the US and the possibility of cutting production favor increases. Eyes on Powell and news on the Iran nuclear deal. The prices of Petroleum they are falling modestly on Thursday, after hitting their highest since early August. […]
Oil: WTI trims gains after hitting three-week highs
Oil price rises again and extends the rally from lows in months. Comments on possible cut in production and technical factors support the rise. Economic data complicate growth outlook. Oil prices are rising again on Wednesday, accumulating three days higher. The barrel of WTI (trading platforms) reached as high as $95.07, the maximum level in […]
Oil: WTI rises more than 2%, to maximum in one week
Market in search of stability favors oil recovery. Saudi minister talks about the possibility of cutting production. Technical factors point to further increases in WTI. The prices of Petroleum they are rising on Tuesday, fueled by a mild rebound in stocks, profit-taking around the dollar and comments from the Saudi Arabian minister about the possibility […]