Tag: West Texas Intermediate, WTI

• Monday, December 3rd 2018 - 07:18 UTC

  Oil prices recover following on US/China trade conflict 90-day truce

  

  Oil prices surged in early trading on Monday after the United States and China agreed on a truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut.

• Tuesday, September 25th 2018 - 07:45 UTC

  Oil market turbulence ahead of US sanctions on Iran; OPEC meeting does not plan to increase output

  

  Brent crude breached US$ 81 a barrel on Monday — its highest level in nearly four years — on the back of a tightening oil market and OPEC leaders signaling they won't be immediately boosting output. Global benchmark Brent crude rose as high as US$ 81.39 a barrel, its strongest level since Nov. 21, 2014.

• Friday, November 20th 2015 - 07:47 UTC

  Goldman Sachs forecasts another miserable year for commodities in 2016

  

  A slowdown in China, which gobbled up raw materials everywhere from Australia to Chile, exacerbated a supply glut in most major commodities. And Goldman Sachs thinks the pressure is likely to persist as it noted its underweight position in commodities for the next 12 months.

• Friday, November 13th 2015 - 10:56 UTC

  WTI oil falls below US$ 42; millions of barrels held in ships at sea

  

  Oil prices were testing fresh lows on Thursday, with a report that 100 million barrels of crude and heavy oil products are being held in ships at sea. West Texas Intermediate oil, the main North American contract, fell below $42 US a barrel, amid predictions that it would fall to the $20-30 level next year.

• Wednesday, September 9th 2015 - 12:06 UTC

  The default next move for oil is downwards, and here's way

  

  By Martin Tillier of Oilprice.com - As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research will reveal to us the next move, either a long term trend or an intraday blip on a chart, and that we can profit from that knowledge

• Thursday, November 13th 2014 - 05:44 UTC

  Crude price falls to a three year low, created by shale boom and Libya restart

  

  West Texas Intermediate, WTI crude closed at a three-year low on Wednesday with prices under pressure from the growing oil glut created by the U.S. shale boom and the restart of Libya's largest operational oilfield.