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US West Texas Intermediate News
US West Texas Intermediate
Oil dips away from levels last seen in late 2014, but analysts say market supported
Fri, Jan 12, 2018
Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day.
Uptrend in crude oil price may further impact India's fiscal position
Wed, Jan 10, 2018
Given the negative balance on Petro account, CARE stated that higher prices of crude oil will increase the trade deficit and put pressure on the rupee.
Oil retreats after hitting 2015 highs
Sat, Jan 06, 2018
Oil prices have received general support from production cuts led by OPEC and Russia
Oil falls on doubts over extending output cuts, surprise rise in US crude stocks
Wed, Nov 29, 2017
Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the market has already priced in, and after a report of an unexpected rise in U.S. crude oil inventories.
Oil prices drop on rise in US drilling
Mon, Mar 20, 2017
US oil output has risen to over 9.1 million bpd from below 8.5 million bpd in June last year.
Oil prices extend gains after drop in U.S. stockpiles
Thu, Mar 16, 2017
Prices surged on Wednesday after a slew of market reports and official data offered some hope that a near three-year global glut in oil is coming to an end, albeit more slowly than many anticipated.
Oil prices jump on big US crude stock drawdown
Thu, Oct 20, 2016
The Energy Information Administration (EIA) said in its weekly report that US crude inventories dropped by 5.2 million barrels to a total of 468.7 million barrels in the week through October 14, Xinhua news agency reported.
Oil prices fall on rise in U.S. drilling, strong dollar
Mon, Oct 17, 2016
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand.
Oil prices edge up on tighter U.S. fuel market
Fri, Oct 14, 2016
"Oil prices rose overnight despite rising stockpiles in the U.S., as fuel supplies in the U.S. fell to the lowest level this year," ANZ bank said in a morning note on Friday.
Oil prices rise by 3% after surprise increase in US crude stocks draw
Wed, Sep 28, 2016
Crude futures fell about 3% on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply.
Oil prices rise on reported US crude stock draw, firm Japan import data
Wed, Sep 21, 2016
Traders said that the main WTI price driver had been American Petroleum Institute data showing a 7.5-million barrel draw to 507.2 million barrels in U.S. crude inventories, the third weekly stock draw.
Oil rises on hopes of Russia to talk to producers on stabilising prices
Mon, Aug 15, 2016
On Monday, Russian Energy Minister Alexander Novak bolstered hopes that oil producing nations could take action to stabilise prices, telling a Saudi newspaper that his country was consulting with Saudi Arabia and other producers to achieve market stability.
Oil prices fall to $50 per barrel as supply outlook improves
Thu, Jun 30, 2016
Oil prices fell in early trade on Thursday, with Brent futures struggling to defend $50.1 per barrel as fears over strike outages in Norway faded and as Nigeria`s production improved.