Oil rises for the second day in a row. WTI tries to return above $107.00. Wall Street without operations due to US holiday The prices of Petroleum they are rising on Monday, extending the bounce that began Friday from one-week lows. The barrel of WTI (trading platforms) rises 1% and stands at $107.90. Previously it […]
Tag: WTI
Oil jumps 2.5% and gains in the week
Oil rebounded from Thursday’s sell-off and erased intra-session losses to close in positive territory, with US crude jumping 2.5% and posting gains for the week. The black gold was coming off a 6-month run of gains as Brent rallied 48% in the first half of the year, and 6% in the second quarter. Accordingly, US […]
Oil: WTI rises 3% due to supply problem, despite risk aversion
Oil prices are one of the few things to go up on Friday. WTI barrel rebounds more than $3 from daily low. Supply problems seem to exceed negative expectations. The oil price is rising on friday, after experiencing a big rebound. The barrel of WTI (trading platforms) had fallen to $103.05, the lowest in a […]
Oil: WTI falls to three-day lows on risk aversion, eyeing OPEC+ meeting
A slight increase in OPEC+ production quota is expected. Fall in stock markets and negative economic perspectives weigh on prices. WTI loses more than $5 since Wednesday’s peak. Oil prices are failing to escape the overall negative sentiment and are losing ground, extending the pullback that started on Wednesday. The barrel of WTI (platforms) reached […]
Oil: WTI reaches highs in almost two weeks despite falling markets
Oil prices rise despite negative climate in stock markets. WTI reaches the highest level since June 17. Wall Street futures falls, after sharp decline on Tuesday. The oil prices They are rising for the fourth day in a row on Wednesday and climbed to multi-day highs, despite fears of a global slowdown in the economy […]
Oil: WTI rises for the third day and reaches a maximum in a week
Oil prices accumulate a rebound of almost 10% from last Thursday’s low. Rises continue on Tuesday supported by good news from China. Equity and several commodity markets are rising on Tuesday, supported by an easing of China’s COVID-related tightening measures, which improves growth expectations. From last week’s floor, the price of a barrel of WTI […]
WTI jumps from below the 100 EMA and approaches $110
US oil extends its gains to two consecutive days, although it faces solid resistance at the 50 EMA around $110.33. OPEC+ cut its 2022 market surplus to 1 million bpd, while political turmoil in Libya cut output by 600,000 bpd. WTI Price Analysis: Despite breaking an uptrend line, the price of oil has recovered losses […]
USA: The G7 continues to work on a precise mechanism to limit Russian oil prices
With the G7 Summit underway, A US official said on Monday that the G7 is close to setting a global price cap on Russian oil.. Featured Comments “We will issue coordinated measures tomorrow to increase pressure on Russia.” “Targeting Russian oil transportation services is a promising avenue.” “The US will impose higher tariffs on Russian […]
Ecuador: Oil production could stop completely in 48 hours – Minister of Energy
Ecuador’s Energy Minister, Xavier Vera-Grunauer, warned on Sunday that oil production has reached a “critical” level and could come to a complete halt within 48 hours if protests and roadblocks continue. Featured Comments “Oil production is at a critical level“. “If this situation continues, the country’s oil production will be suspended in less than 48 […]
WTI Price Analysis: Picking up but not out of the woods yet
WTI price remains vulnerable amid fears of an inevitable global recession. The large API crude stockpile and Biden’s suspension of the federal gasoline tax weigh on oil. Any rebound in WTI will likely be sold as bears keep their eyes on $100. WTI (NYMEX futures) is reversing a decline to the $101 level as the […]
