Tag: WTI
Oil Outlook Hit Amid COVID-related Fuel Demand
Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened...
Global Stimulus Measures Support Oil Prices Amid COVID-19
Global stimulus measures underpin prices even as demand struggles post-COVID-19.
Brent crude futures for November were unchanged at $45.81 per barrel.
U.S. West...
Oil Prices Recoup Amid OPEC+ Cuts Pushing Demand
Demand seen falling by about 6.5-8.7 million bpd in 2020.
Around 26 contributors raise 2020 Brent price forecasts.
Second virus wave poses downside...
Prolonged Unsustainable Oil Prices To Cause Supply Gap
Current low oil and gas prices are unsustainable and if they last longer, it could lead to energy shocks.
If low oil prices...
World Oil and Bunker Market Witnesses An Upward Trend
OPEC and key ally Russia moved a conference call to discuss future output cuts.
Brent for August settlement increased by $1.25 to $39.57...
Crude Oil on a 10 Week High As Major Economies Reopens!
WTI and Brent climbed and was seen highest since March 10.
US, Japan, UK continue to ease lockdowns by taking down restrictions on...
American Petroleum Institute Oil Inventory Report Boosts Oil Market!
Oil jumps after API reports draw in crude oil inventories and API estimated a large build in crude oil inventories of 7.58 million...
Texas Light Sweet Crumbles in Symmetrical Triangle!
WTI June Futures refreshes intraday low to near 100-HMA.
A short-term symmetrical triangle limits immediate moves.
200-HMA, early-month tops offer strong downside support.
While...
OPEC+ Begins Record Cuts as Oil Firms See Weekly Rise!
US oil prices were 4pc higher while the front month Brent crude futures rose above $26 per barrel.
In April, U.S. crude fell...