West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $61.60 per barrel, up from Wednesday’s close at […]
Tag: Crude
WTI drops to near $60.50, crude Oil slides 3% on US-Iran nuclear deal hopes
WTI price dropped by about 3% on Thursday due to escalating fears of a global supply surplus. Trump commented, “I think we are getting very […]
U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June
Logo of the Organization of the Petroleum Exporting Countries (OPEC) Andrey Rudakov | Bloomberg | Getty Images U.S. crude oil futures fell more than 1% […]
Crude prices end higher on report of U.S. plan to refill its oil reserve
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Last U.S. Crude Inventory Data Of 2024 Lifts Oil Prices By Over 1%
Aerial view of a crude oil storage facility in Cushing, Oklahoma, U.S. (Photo: Tom Pennington) Getty Images As oil markets turn their attention to the […]
Crude Oil jumps above $70 with traders bracing for API ahead of Christmas
Oil prices are rallying higher near 1%, with traders set to head into the Christmas holidays. Markets are catching up on some headlines about further stimulus […]
Crude Oil slides for a fifth day this week on Fed rate concerns
Oil prices set for a weekly loss in this final normal trading week of 2024. The hawkish message from the Fed on rate cuts for 2025 […]
Crude Oil in good shape to close off this Thursday in the green
Crude Oil remains facing pressure as the IEA report adds to the bearish outlook. The monthly report from the IEA had no change on the […]
US crude oil production rises slightly less than expected – Commerzbank
The US Department of Energy has revised its forecast for US crude oil production slightly downwards for this year and next, Commerzbank’s commodity strategist Carsten […]
Crude Oil shrugs off API stocks buildup, etches in another gain on Tuesday
WTI climbed back above $80.00 on Tuesday as bullish recovery continues. Hopes of a summertime uptick in demand are bolstering Crude Oil bets. Energy traders […]