New York West Texas Intermediate (WTI) crude futures closed for the second straight day on Wednesday (March 8) as investors continued to worry about the Federal Reserve’s aggressive rate hike. (Fed) will affect the economy and demand for oil. Such concerns overshadowed the positive factor from a more-than-expected drop in US crude inventories last week. … Read more
New York West Texas Intermediate (WTI) crude futures closed more than 4% lower on Wednesday (Jan. 4) as investors continued to worry about a global economic slowdown and a surge in The number of COVID-19 cases in China will affect oil demand. The WTI crude oil contract is delivered in February. It fell $4.09, or … Read more
New York West Texas Intermediate Crude Oil (WTI) ended lower on Friday (Aug 12), pressured by news reports. The stagnation in oil shipments in the Gulf of Mexico may be short-lived. This will pave the way for Iran to return to its oil market again. This has resulted in lower oil prices as well. The … Read more
New York’s West Texas Intermediate (WTI) crude futures closed higher on Friday (May 13), boosted by concerns about continued tight oil supplies in global markets. The WTI crude oil contract will be delivered in June. It rose $4.36, or 4.1%, at $110.49 a barrel. and rose 0.7% this week. Brent crude oil contract (BRENT) for … Read more
New York’s West Texas Intermediate (WTI) crude futures ended lower from $100 on Tuesday, with markets still under pressure on fears of a prolonged Chinese lockdown on key cities. Longer periods will affect the economy and oil demand. In addition, gold contracts are also affected by the strength of the dollar. The WTI crude oil … Read more
New York’s West Texas Intermediate (WTI) crude futures ended lower on Friday (April 22), pressured by negative factors such as weaker global economic growth prospects, lower interest rates. more and lockdowns in China to combat COVID-19 All of which are factors that will affect oil demand. The WTI crude oil contract will be delivered in … Read more