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West Texas Intermediate News
West Texas Intermediate
Oil prices mixed after U.S. production seen rising
Tue, Apr 18, 2017
Crude oil prices were mixed in thin trading on Tuesday after the Easter holiday break shut many markets for as long as four days and a U.S. government report indicated rising production, which may keep a cap on prices after recent gains.
Oil hits 5-week top on geopolitical tensions, strong demand
Tue, Apr 11, 2017
Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya`s largest oilfield. Additional support also came from expectations of strong demand as the U.S. summer driving season kicks in.
Oil prices fall on record U.S. crude stocks, rising production
Thu, Apr 06, 2017
Traders said the falls came on the back of rising U.S. crude production that bolstered inventories to record levels.
Oil rises to near one-month high on supply tightening
Wed, Apr 05, 2017
"The immediate reason for the move was an unplanned production outage in the North Sea," said Sukrit Vijayakar, director of energy consultancy Trifecta, referring to an unplanned production outage at the Buzzard oil field in the North Sea.
Oil bounces off November lows, but bloated U.S. stockpiles pressure market
Thu, Mar 23, 2017
Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.94 per barrel at 0146 GMT, up 30 cents, or 0.59 percent, from their last close. That came after Brent briefly dipped below $50 a barrel the previous session for the first time since November.
Oil prices hit three-month low as U.S. rig count climbs
Mon, Mar 13, 2017
U.S. drillers added oil rigs for an eighth consecutive week, Baker Hughes said on Friday, as energy companies increased spending to take advantage of a recovery in crude prices since the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut output.
US oil rises after dropping below $50 for first time since December
Fri, Mar 10, 2017
US crude oil prices edged up on Friday for the first time after dropping below $50 per barrel since December in the previous session.
Oil ticks up on weaker dollar, stalled Russian output cuts
Fri, Mar 03, 2017
The dollar slipped on Friday from its highest in seven weeks against a basket of currencies, although still holding close to a level that anchors Brent crude near $55 a barrel and West Texas Intermediate (WTI) just under $53.
Oil prices rise as markets eye OPEC, non-OPEC production cuts
Tue, Jan 03, 2017
International Brent crude oil was yet to trade after closing up 68 cents at $56.82 per barrel on Friday.
Asia stocks find relief as China set to return seized US drone
Mon, Dec 19, 2016
Asian shares steadied in early trade on Monday after China agreed to return a US drone it had seized, easing worries about rising diplomatic tensions between the world`s two biggest economic powers.
Oil prices edge up as Kuwait cuts supplies by more than expected
Fri, Dec 16, 2016
Oil prices edged up on Friday after market sources said Kuwait had told customers it was cutting supplies by more than initially expected from January as part of a coordinated effort by oil producers to drain a global glut.
WATCH: Top stories of this afternoon; From rise in gold, silver prices to West Texas Intermediate trading around $45 per billion barrel
Tue, Nov 08, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top stories of this afternoon: * Gold up by Rs 20 & silver rises by Rs 150
Oil prices fall for fourth day after stockpile build
Wed, Nov 02, 2016
Crude oil prices fell for a fourth day on Wednesday, with jittery investors awaiting official US stockpile figures later in the day after less comprehensive industry data showed a surprise build in inventories.
Asia stocks wallow at six-week lows, China PMIs in focus; oil down
Tue, Nov 01, 2016
Asian stocks wallowed near six-week lows on Tuesday as investors braced for a looming raft of economic and central bank events, while oil prices fell as markets doubted OPEC's ability to implement planned production cuts.
Oil rises on reported US crude inventory draw, expected OPEC cut
Wed, Oct 19, 2016
Oil prices rose over 1% on Wednesday, lifted by a report of falling US crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish momentum.
Oil edges up as analysts say market could be closer to balance than expected
Tue, Oct 18, 2016
Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.
Crude oil edges up before producer talks on output curbs
Wed, Oct 12, 2016
Crude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.
Entire oil futures curve moves above $50 as financial confidence in crude rises
Fri, Oct 07, 2016
US oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above that level in a sign that financial markets have increasing confidence in the sector.
Oil prices dip after reaching June highs following US crude stock draw
Thu, Oct 06, 2016
Oil prices dipped on Thursday but remained near June highs reached the previous session when they were buoyed by a fall in US crude inventories. US West Texas Intermediate (WTI) crude oil futures were trading at $49.63 per barrel at 0051 GMT, down 20 cents from their last settlement.
Oil prices rise on report of US crude stock draw
Wed, Oct 05, 2016
Oil prices rose in early trading on Wednesday after a report that US fuel inventories may have fallen for a fifth straight week, but contracts remained near the $50 mark where many traders currently see fair value for crude.