Wti articles
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WTI Holds Gains After API Reports Unexpected Crude Inventory Draw
WTI Holds Gains After API Reports Unexpected Crude Inventory Draw Oil priced ended notably higher today after recovering strongly from overnight weakness (driven by a Bloomberg report that said fresh U.S. sanctions targeting vessels and refineries handling Iranian oil shipments were having a muted impact on crude supply). If implemented and enforced, the new sanctions could add as much as $8.40 to global prices, according to ClearView Energy Partners, a Washington-based consulting...
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WTI Rally Stalls On Crude Build, White House Hints At SPR Release
WTI Rally Stalls On Crude Build, White House Hints At SPR Release Oil prices fell for the second day in a row (albeit very modestly today) as the 'WW3-on / WW3-off' headline-swings (supply) are wearing on traders, and less-and-less dovish expectations for The Fed weigh on demand expectations "Oil traders are hunkering down as bears are increasingly afraid to bet on lower prices," Phil Flynn, senior market analyst at the Price Futures Group, told MarketWatch. At the same time,...
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WTI oscillates in range around $85.00 mark despite worsening Middle East crisis
WTI kicks off the new week on a subdued note and reacts little to Iran’s attack on Israel. Worries about cooling fuel demand turn out to be a key factor capping the black liquid. The risk of a further escalation of tensions in the Middle East to help limit the downside. West Texas Intermediate (WTI) US crude Oil prices fail to lure buyers despite Iran's attack on Israel over the weekend and seesaws between tepid gains/minor losses during the Asian session on Monday. The commodity currently...