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WTI Crude Oil News
WTI Crude Oil
Oil price climbs for fourth successive day on prospects for deeper OPEC+ output cuts
Fri, Feb 14, 2020
Oil price rose for the fourth day as world`s biggest producers are likely to cut output due to slumping demand in china.
Oil price rises for third successive day as coronavirus impact may spur output cuts
Thu, Feb 13, 2020
Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand.
Oil prices fell for sixth straight session on Coronavirus fears, sluggish demand
Tue, Jan 28, 2020
Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand.
Oil price steadies, but spreading China Coronavirus concern weighs
Fri, Jan 24, 2020
Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken.
Oil price falls on China virus epidemic fears
Thu, Jan 23, 2020
Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China.
Oil price falls again as ample global supply seen offsetting Libyan outage
Wed, Jan 22, 2020
Oil prices edged lower on Wednesday, extending the previous session`s drops, as investors continue to shrug aside the impact of almost all of Libya`s crude production being off-line.
WTI Crude: Oil prices gain on Libya, Iraq supply worries
Tue, Jan 21, 2020
Brent crude was trading up 11 cents, or 0.2%, at $65.31 per barrel by 0101 GMT. U.S. West Texas Intermediate crude futures were up 20 cents, or 0.3%, at $58.74 a barrel.
WTI Crude: Oil price steadies as Chinese economy offsets trade optimism
Sat, Jan 18, 2020
Brent crude futures fell 3 cents to $64.59 a barrel by 1:15 p.m. EST (1815 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 15 cents to $58.37 a barrel.
Oil price dips on ease in Middle East tensions; market eyes US-China trade deal
Tue, Jan 14, 2020
Oil prices edged lower on Tuesday as receding Middle East tensions took some heat out of the market, with both Tehran and Washington desisting from any further escalation after this month`s clashes.
Global Markets: Asian stocks tumble; Gold, crude oil prices soar after Iran strike on US forces
Wed, Jan 08, 2020
Global Markets: Asian shares and US treasury yields tumbled on Wednesday, while the yen, gold and oil shot higher after Iran fired rockets at Iraqi airbases hosting U.S. military forces.
Oil price jumps as Iran rocket strike on US forces
Wed, Jan 08, 2020
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week.
Oil price dips as markets await Iran response to US killing of military commander
Tue, Jan 07, 2020
Oil prices edged lower on Tuesday, coming off their highest levels in months as the market calmed while the world braces for Iran`s response to the killing of its top military commander by the United States.
Oil prices rise on escalating US-Iran tension
Mon, Jan 06, 2020
Brent crude futures soared to a high of $70.27 a barrel at 0222 GMT, up $1.67, or 2.4%, from Friday`s settlement.
Oil prices hit three-month highs as strong US consumer spending underpins growth hopes
Fri, Dec 27, 2019
Brent crude futures were up 13 cents, or 0.2%, at $68.05 a barrel at 0150 GMT, while the West Texas Intermediate contract was up 13 cents, or 0.2%, at $61.81 a barrel.
Oil prices rise on breakthrough in US-China trade talks
Thu, Dec 26, 2019
Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-US trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode.
Oil prices inch higher amid support for supply cuts, lower inventory forecast
Tue, Dec 24, 2019
Oil prices edged higher on Tuesday after Russia`s energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in US crude inventories.
Oil prices hover near three-month highs on trade deal progress; set for 3rd weekly rise
Fri, Dec 20, 2019
Oil prices held steady near three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-US trade tensions.
WTI Crude: Oil price dips after US stock build, but demand hopes support
Wed, Dec 18, 2019
Oil price retreated on Wednesday after rising more than 1% in the previous session as US industry data showed a surprise build in crude stocks.
WTI Crude: Oil prices fall but hold near three-month high on trade deal agreement
Mon, Dec 16, 2019
WTI Crude: Oil prices fell but remained near three-month highs on Monday after the United States and China agreed to an initial trade deal, a move market participants said could stoke oil demand and boost trade flows.
WTI Crude: Oil price dips on oversupply fears, trade talk concerns
Wed, Nov 20, 2019
WTI Crude: Oil fell more than $1 per barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the US-China trade dispute.