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Tag: WTI

Saudi Energy Minister: Oil Decoupling From Fundamentals May Force OPEC To Act

Saudi Energy Minister: Oil Decoupling From Fundamentals May Force OPEC To Act Saudi Energy Minister: Oil Decoupling From Fundamentals May Force OPEC To Act

In response to written questions from Bloomberg News, the Saudi Arabian Minister of EnergyPrince Abdulaziz bin Salman said OPEC and its allies (OPEC+) may be forced to cut oil production as physical and futures markets drift further and further away from fundamentals. Featured Statements “The paper and physical markets are increasingly disconnected.” “Futures prices do […]

Oil: WTI falls more than 4% while stocks plunge on Wall Street

Oil: WTI falls more than 4% while stocks plunge on Wall Street Oil: WTI falls more than 4% while stocks plunge on Wall Street

Stocks on Wall Street fall sharply. Oil prices fall more than 4%, approaching the lows of August. The prices of Petroleum are falling significantly on Monday, in a day of sharp declines in financial markets. The barrel of WTI falls 4.30% and operates at the lowest since last Wednesday, approaching the lows of August. the […]

Oil: WTI extends the advance and approaches $90.00

Oil: WTI extends the advance and approaches $90.00 Oil: WTI extends the advance and approaches .00

Oil prices rise despite fall in stock markets and improvement of the dollar. WTI barrel moves away from recent lows. Oil prices are rising on Thursday, despite lower equity markets and a stronger dollar. US inventory data on Wednesday showed a larger-than-expected drop. The WTI barrel price (trading platforms) is trading at the $89.50 zone, […]

WTI fluctuates around $87.80 due to US reserves and the Iran nuclear deal

WTI fluctuates around $87.80 due to US reserves and the Iran nuclear deal WTI fluctuates around .80 due to US reserves and the Iran nuclear deal

WTI trims part of its losses on Tuesday, rising 0.80% in the American session. US EIA stockpiles shed 7.06 million barrels last week, fueling a jump in oil prices. China’s slower-than-expected growth rate and the Iran nuclear deal held back the rise in oil prices. Western Texas Intermediate (WTI) prices They ranged in a meager […]

Oil: WTI up modestly, still near recent bottom

Oil: WTI up modestly, still near recent bottom Oil: WTI up modestly, still near recent bottom

Improved market sentiment boosts oil. WTI remains above the recent low. The prices of Petroleum they operate without major changes on Tuesday. The price of a barrel of WTI (spot on platforms) stands at $88.90, after having reached $90.00. The financial markets do not show significant variations on Tuesday. Oil prices recover but remain close […]

IEA: Oil demand will increase by 2.1 million bpd in 2023 and exceed pre-covid levels

IEA: Oil demand will increase by 2.1 million bpd in 2023 and exceed pre-covid levels IEA: Oil demand will increase by 2.1 million bpd in 2023 and exceed pre-covid levels

In its monthly report published on Thursday, The International Energy Agency (IEA) has said it expects global oil demand to rise by 2.1 million barrels per day in 2023. to exceed pre-Covid levels, by 101.8 million barrels, Reuters reports. Additional comments “Russian oil exports fell by 115,000 bpd in July to 7.4 million bpd, from […]

EIA: World oil demand will increase by 2.08 million bpd to 99.43 million bpd in 2022

EIA: World oil demand will increase by 2.08 million bpd to 99.43 million bpd in 2022 EIA: World oil demand will increase by 2.08 million bpd to 99.43 million bpd in 2022

Global oil demand will rise by 2.08 million barrels per day (bpd), down from 2.23 million previously forecast, to 99.43 million bpd in 2022, the United States Energy Information Administration in its latest monthly report, as reported by Reuters. More information “Global oil demand will increase by 2.06 million bpd to 101.49 million bpd in […]

Oil: WTI drops below $90 for first time since Ukraine invasion

Oil: WTI drops below $90 for first time since Ukraine invasion Oil: WTI drops below  for first time since Ukraine invasion

WTI futures fell below $90 a barrel for the first time since February, the month Russia invaded Ukraine, Bloomberg reports. Futures fell as much as 1% to $89.80 a barrel. Oil prices have lost gains since the start of the war as higher interest rates and a looming global economic slowdown threaten demand. On the […]

Oil is moving higher as hopes that OPEC+ will increase production fade

Oil is moving higher as hopes that OPEC+ will increase production fade Oil is moving higher as hopes that OPEC+ will increase production fade

Oil prices rose in European trade on Friday as attention turned to next week’s OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost. Brent futures for September, which expire on Friday, gained $2.30 to trade at $109.44 a barrel, after touching their highest level since July 5, according to Reuters. […]

WTI: Bulls touch $98.00 as DXY renews three-week low ahead of US GDP.

WTI: Bulls touch $98.00 as DXY renews three-week low ahead of US GDP. WTI: Bulls touch .00 as DXY renews three-week low ahead of US GDP.

WTI buyers hold the reins for two bullish days amid mixed concerns. Fed-inspired dollar weakness favors oil buyers, but recession fears defy upside moves. Headlines suggesting the release of Russian and US oil reserves could entertain traders ahead of the US 2Q GDP. WTI Crude Oil prices remain firm around $98.00 during Thursday morning in […]