WTI Nears $73.00 Amidst Rising Tensions in Israel-Gaza and Disruptions in Libya’s Oilfields
WTI Nears $73.00 Amidst Rising Tensions in Israel-Gaza and Disruptions in Libya’s Oilfields In recent developments during the Asian trading session, West Texas Intermediate (WTI) crude oil prices are trending upwards, nearing the $73.00 mark per barrel. This increase is largely attributed to a combination of geopolitical tensions and supply disruptions in key oil-producing regions. […]
WTI Stays Near $75 as OPEC+ Cut Expectations Persist
WTI Stays Near $75 as OPEC+ Cut Expectations Persist West Texas Intermediate (WTI), the benchmark for U.S. crude oil, has been hovering around the $75 mark, with prices on Tuesday noted at approximately $75.05. This current price level comes amid expectations that the Organization of the Petroleum Exporting Countries plus allies (OPEC+) may continue or […]
WTI Hits Three-Week Low at $86.95 Amid Stronger USD
WTI Hits Three-Week Low at $86.95 Amid Stronger USD As of October 3, 2023, West Texas Intermediate (WTI) crude oil, the United States’ benchmark for oil prices, is trading at approximately $86.95 per barrel, marking a significant three-week low. This decline represents the fifth consecutive day of negative movement in WTI prices, with the primary […]
WTI Crude Oil Approaches Weekly Low at $88.80 Amid Fed’s Hawkish Remarks
WTI Crude Oil Approaches Weekly Low at $88.80 Amid Fed’s Hawkish Remarks The price of Western Texas Intermediate (WTI) crude oil is currently teetering around the $88.80 mark, perilously close to approaching a weekly low of $88.60. This decline in WTI prices follows closely on the heels of a noteworthy development in the financial landscape: […]
WTI Holds Near $78.60 Amid US Inflation and China Economic Worries
WTI Holds Near $78.60 Amid US Inflation and China Economic Worries Today, the price of Western Texas Intermediate (WTI), the key US crude oil benchmark, is holding steady around the $78.60 level. This marks the fourth consecutive day of negative trading as two main factors weighing on the market. First, there are growing concerns about […]
WTI Holds Firm Above $82: China’s Issues and US Retail Sales in Focus
WTI Holds Firm Above $82: China’s Issues and US Retail Sales in Focus The Western Texas Intermediate (WTI) crude oil price has maintained its position above the $82 mark on the trading landscape, with two major factors shaping its trajectory: concerns over China’s economic challenges and anticipation of US retail sales data. Amid the economic […]