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WTI Crude Oil News
WTI Crude Oil
Oil price falls 2 pct on US stimulus impasse, stockpile rise
Thu, Oct 08, 2020
Oil prices fell nearly 2% on Wednesday after U.S. President Donald Trump dashed hopes for another stimulus package to boost the coronavirus-hit economy and after U.S. crude inventories rose in the most recent week.
Oil prices slide as Trump cancels aid talks, US crude stocks expand
Wed, Oct 07, 2020
Oil prices slipped on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy.
Oil price falls 4% after Trump gets coronavirus and economies wobble
Sat, Oct 03, 2020
Oil prices fell more than 4% on Friday, and posted a second weekly decline after U.S. President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatened to overwhelm the market`s weak recovery.
Oil price falls after surprise rise in US crude inventories
Wed, Sep 23, 2020
Oil prices fell on Wednesday after an industry group reported a rise in U.S. crude inventories against expectations for a decline, adding to worries about demand that led to a steep selloff earlier in the week.
Oil price eases as US production returns after storm
Fri, Sep 18, 2020
Oil prices drifted lower on Friday, pausing after three days of gains, as producers prepared to resume operations in the Gulf of Mexico and data showed Saudi Arabian exports rose from record lows.
Oil price gains as hurricane shuts US output, stockpiles fall
Wed, Sep 16, 2020
Oil prices rose on Wednesday, extending gains from the previous session, as a hurricane disrupted US offshore oil and gas production and an industry report showed a big drop in US crude stockpiles.
Oil price inches lower as bleaker demand outlook weighs
Tue, Sep 15, 2020
Oil prices inched lower on Tuesday as a bleaker outlook for global fuel demand prompted fresh selling, but short-covering ahead of a meeting later this week of OPEC and its allies, known as OPEC+, limited losses.
WTI Crude: Oil prices add to losses as supplies swell amid weak demand
Fri, Sep 11, 2020
"Crude production is starting to return following a couple of storms, but a weak demand outlook and the start of maintenance season will keep the pressure on oil prices," said Edward Moya, senior market analyst at OANDA.
WTI Crude: Oil prices slip as growing stockpiles signal bumpy fuel demand recovery
Thu, Sep 10, 2020
As coronavirus case surged in several U.S. states, the country`s crude stockpiles rose by 3 million barrels in the week to Sept. 4, data from the American Petroleum Institute showed on Wednesday. That compared with analysts` forecasts of a draw of 1.4 million barrels.
Big trade houses see persisting oil stocks bubble
Tue, Sep 08, 2020
During the peak period of lockdowns in March and April, traders were forced to hastily store an additional 1 billion barrels of crude and refined products as oil demand cratered. Eventually, OPEC and other major producers announced record output cuts that helped oil prices rebound.
WTI Crude: Oil drops 2%, reversing course as US gasoline demand slumps
Thu, Sep 03, 2020
WTI Crude: Oil fell more than 2% on Wednesday, reversing early gains after a report showed gasoline demand fell in the United States in the latest week.
Oil prices dip as producers, refiners avoid worst of hurricane
Sat, Aug 29, 2020
Oil prices inched lower on Friday as Hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage and companies began to restart operations.
Oil prices slip as Hurricane Laura's blow unlikely to have sustained impact
Fri, Aug 28, 2020
Oil prices eased on Thursday as the market expected a quick recovery for production platforms shuttered ahead of a hurricane that churned through the Gulf of Mexico and slammed Louisiana.
Oil price steadies; virus concerns weigh as hurricane heads to US
Thu, Aug 27, 2020
Oil prices steadied on Wednesday, pressured by worries about the demand outlook during the coronavirus pandemic but buoyed as US producers shut output in the Gulf of Mexico ahead of Hurricane Laura.
WTI Crude: Oil price hits five-month highs as US producers cut output ahead of hurricane
Wed, Aug 26, 2020
WTI Crude: Oil prices rose to a five-month high on Tuesday as U.S. producers shut most offshore output in the Gulf of Mexico ahead of Hurricane Laura even as rising coronavirus cases in Asia and Europe capped gains.
Oil prices rise as storms cut US production
Tue, Aug 25, 2020
Oil prices rose on Monday as storms headed for the Gulf of Mexico shut more than half of the region`s offshore production, with the more dangerous of the two storms expected to strike later in the week.
Oil price edges up as storms take aim at Gulf of Mexico
Mon, Aug 24, 2020
Hurricane Marco and Tropical Storm Laura tore through the Caribbean and Gulf of Mexico on Sunday, forcing energy companies to pull workers from offshore platforms and shut down oil production.
Oil price slips as demand worries outweigh US stocks draw
Thu, Aug 20, 2020
Oil prices steady on Wednesday as concerns lingered over soft US fuel demand while global producers feared a second prolonged wave of the coronavirus pandemic was a major risk for the market recovery.
Oil price steadies as demand fears offset high OPEC+ compliance
Wed, Aug 19, 2020
Oil prices steadied on Tuesday as high compliance with supply cuts from the OPEC+ producer group offset demand fears from the new coronavirus.
Oil price edges lower as suppliers try to hold line on output cuts
Tue, Aug 18, 2020
Oil prices edged lower on Tuesday, mostly holding onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic.