State of the Oil Market: WTI Oil Closes $1.69 High
New York West Texas Intermediate (WTI) crude futures closed more than 2% higher on Tuesday (March 21), marking the second straight day of closing in positive territory following news that UBS had reached a deal. The news helped ease investor concerns that the banking crisis would hurt the economy and demand for oil. The WTI […]
State of the Oil Market: WTI Oil Closes $1.61
West Texas Intermediate (WTI) crude futures closed in New York on Friday (March 17) and suffered the worst fall this week. As the crisis in the banking sector and worries about a recession drag oil prices down. The WTI crude oil contract will be introduced in April. It was down $1.61, or 2.36%, at $66.74/barrel, […]
Oil market sentiment: WTI oil closed 94 cents.
West Texas Intermediate (WTI) crude oil futures in New York closed at a two-week low on Thursday (March 9) and closed in negative territory for the third day in a row as investors continued to hold back. They were concerned that the US would an aggressive increase in Federal Reserve interest rates affecting the economy […]
Oil market sentiment: WTI oil closed 92 cents.
New York West Texas Intermediate (WTI) crude futures closed down for the second straight day on Wednesday (March 8) as investors continued to worry about the Federal Reserve’s (Fed) aggressive rate hike impacting the economy and oil demand. Such concerns overshadowed the positive factor of a larger-than-expected drop in US crude inventories last week. The […]
Oil market sentiment: WTI oil closed 86 cents.
West Texas Intermediate (WTI) crude oil futures in New York closed higher on Monday (January 9), supported by expectations that China’s opening will boost oil demand. The WTI crude oil contract will be introduced in February. They were up 86 cents, or 1.2%, at $74.63 a barrel. The Brent crude oil contract (BRENT) will be […]
Oil market sentiment: WTI oil closes 10 cents higher.
New York West Texas Intermediate (WTI) crude futures ended slightly higher on Friday (January 6), but ended lower in the first week of trading this year amid fears of a global recession and a surge in oil prices for use oil The WTI crude oil contract will be introduced in February. They were up 10 […]
Oil market sentiment: WTI oil closed 83 cents.
New York West Texas Intermediate (WTI) crude futures closed higher on Thursday (January 5), supported by lower US refinery and gasoline inventories last week. The WTI crude oil contract will be introduced in February. It was up 83 cents, or 1.14%, at $73.67 a barrel. The Brent crude oil contract (BRENT) will be introduced in […]
Oil market conditions: WTI oil closes at 1.86 dollars, ending the year 2022, as well
New York West Texas Intermediate (WTI) crude futures closed higher on Friday (December 30), the last trading day of 2022, and ended the year in positive territory. This was triggered by oil supply concerns caused by the war between Russia and Ukraine. This has helped to overshadow the negative factor of uncertain trends in global […]
Oil market sentiment: WTI oil closed up 3 cents.
West Texas Intermediate (WTI) crude futures in New York ended slightly lower on Tuesday (December 27) after reports that some US refineries had resumed operations. After the previous closure due to the impact of the snow storm. The news has overshadowed the positive factors from the news that China is opening up the country. which […]
State of the Oil Market: WTI Oil Closes $2.07 High
West Texas Intermediate (WTI) New York crude futures closed higher on Friday (December 23) after reports that Russia had cut Baltic crude exports. The news overshadowed the negative factors that cold weather in the United States could have on demand for fuel during the holiday season. The WTI crude oil contract will be introduced in […]
