Wti articles

  • WTI Extends Losses After API Reports Unexpected Crude Build

    WTI Extends Losses After API Reports Unexpected Crude Build WTI ended April on a down-note (closing lower on the month, as opposed to Brent which saw its fourth straight monthly gain) as hopes for cease-fire talks between Israel and Hamas dampened fears of a wider conflict that could threaten crude supplies. The recent declines come as a "relief to both central bankers and consumers alike," Stephen Innes, managing partner at SPI Asset Management, told MarketWatch. There's been a...

  • 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...