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WTI rises above $63.00 amid potential supply disruption from Russia
West Texas Intermediate (WTI) Oil price extends its gains for the third consecutive session, trading around $63.20 during the Asian hours on Tuesday.
Robust oil demand from China - ING
The oil market rose for a second straight session in the early trading session today, following claims by Ukraine that recent drone attacks affected Russia's two key oil hubs in the Baltic Sea.
Robust oil demand from China - ING
The oil market rose for a second straight session in the early trading session today, following claims by Ukraine that recent drone attacks affected Russia's two key oil hubs in the Baltic Sea.
WTI Oil approaches $63.00 following attacks on Russian plants
Crude Oil is posting minor gains on Monday, with price action approaching levels close to $63.00 after bouncing from lows of $61.50 on Friday.
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $62.86 per barrel, up from Friday's close at $62.37.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $66.63.
WTI edges higher to $62.65-$62.70 amid geopolitical tensions, oversupply fears cap gains
West Texas Intermediate (WTI) US Crude Oil prices edge higher during the Asian session on Monday, though the uptick lacks bullish conviction.
WTI Price Forecast: Momentum fades below 21-day SMA
West Texas Intermediate (WTI) Crude Oil reversed course during the American session on Friday, paring intraday gains after hitting a daily high of $63.69.
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.63 per barrel, down from Thursday's close at $62.02.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.68 after its previous daily close at $66.08.
WTI Price Forecast: Slides closer to mid-$61.00s, eyes multi-month low amid bearish setup
West Texas Intermediate (WTI) US Crude Oil prices attract some follow-through selling for the second straight day and drop to a fresh weekly low, closer to mid-$61.00s during the Asian session on Friday.
WTI jumps to near $63 as EU plans to block Russian Oil imports
West Texas Intermediate (WTI), futures on NYMEX, trades 1.6% higher to near $63.00 during the late European trading session on Friday.
OPEC, by contrast, forecasts a supply deficit - Commerzbank
OPEC did not make any changes to its forecasts in its monthly report, Commerzbank's commodity analyst Carsten Fritsch notes.
Underlying assumptions regarding supply are too optimistic - Commerzbank
Such a significant oversupply as anticipated by the IEA would exert considerable pressure on oil prices, like in 2020, which would have a negative impact on oil production, Commerzbank's commodity analyst Carsten Fritsch notes.
IEA foresees massive oversupply on the oil market - Commerzbank
The International Energy Agency expects a massive supply surplus on the global oil market of 3.33 million barrels per day on average in the coming year, based on its forecasts, Commerzbank's commodity analyst Carsten Fritsch notes.
WTI declines below $62.00 on weak demand, oversupply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the early Asian trading hours on Friday. The WTI declines amid concerns over possible softening of US demand and broad oversupply risks.
US Gas stocks rise 71Bcf, above forecasts - ING
EIA data showed US natural Gas inventories increased by 71Bcf last week, exceeding expectations and the seasonal norm. Elevated stock levels and muted demand pushed Henry Hub prices lower in early trading, ING's commodity experts Ewa Manthey and Warren Patterson note.
IEA boosts its oil supply estimates - ING
Oil prices extended declines with ICE Brent trading just below $66/bbl this morning, amid softening demand and persistent concerns over a looming global supply surplus.
US to push G7 to impose high tariffs on China, India over Russian oil purchases -- FT
The United States (US) plans to urge Group of Seven (G7) nations to hit India and China with sharply higher tariffs for buying Russian oil in an attempt to force Moscow into peace talks with Ukraine, the Financial Times (FT) reported on Thursday.
WTI Crude Oil plunges as OPEC and IEA warn of oversupply risks
West Texas Intermediate (WTI) Crude Oil comes under renewed selling pressure on Wednesday, paring most of the gains registered earlier this week, as investors respond to back-to-back bearish signals from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.23 per barrel, down from Wednesday's close at $63.50.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.14 after its previous daily close at $67.41.
WTI Price Forecast: Retreats from one-week high; $63.00 holds the key for bullish traders
West Texas Intermediate (WTI) US Crude Oil prices drift lower during the Asian session on Thursday and for now, seem to have snapped a three-day winning streak to a one-week high, around the $63.75-$63.80 region, touched the previous day.
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