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WT Offshore
(NY:
WTI
)
2.250
+0.110 (+5.14%)
Official Closing Price
Updated: 7:00 PM EST, Nov 5, 2024
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The Analytical Overview Of The Main Currency Pairs On The Bank Of Canada Cut The Rate By 0.25%. Oil Continues To Fall In Price
September 05, 2024
At Wednesday’s close, the Dow Jones (US30) Index was up 0.09%, while the S&P 500 (US500) Index fell 0.16% and hit a 2-week low.
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WTI Price Forecast: Sticks To Modest Recovery Gains Above $69.00, Not Out Of The Woods Yet
September 05, 2024
WTI attracts some buyers on Thursday, albeit it lacks follow-through. Demand concerns overshadow hopes for OPEC+ output hike delay. The technical setup still seems tilted firmly in favor of bearish...
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WTI Crude Under Pressure Amid Rising OPEC+ Supply And Mounting Global Demand Concerns
September 03, 2024
In the U.S., the drop in oil consumption to its lowest seasonal level since 2020, coupled with increasing distillate fuel inventories, further adds to the bearish sentiment.
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The US Economy Is Likely Headed For A Soft Landing. Oil Prices Are Falling Due To OPEC Production Increase
September 02, 2024
At the end of Friday, the Dow Jones (US30) Index was up 0.55% (for the week +0.88%), while the S&P 500 (US500) Index was up 1.01% (for the week +0.15%).
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Oil Tumbles On Reuters Report OPEC+ Will Hike Output In October
August 31, 2024
According to Reuters, six OPEC+ sources - who almost certainly are being spoonfed what to tell Reuters by the Deep State which is scrambling to keep gas prices as low as possible ahead of the...
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Oil And Natural Gas: Oil In A New Surge Since Yesterday
August 30, 2024
During this morning’s Asian trading session, the price of oil gained support at the $76.00 level. Yesterday’s pullback in the price of natural gas was up to the $2.07 level.
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The Commodities Feed: Libyan oil supply disruption
August 27, 2024
Oil prices moved higher yesterday on reports that Libyan oil output will be halted, while the European gas market strengthened due to Russian attacks on Ukrainian energy infrastructure.
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Oil Rallies Nearly 2% With Bets On OPEC To Reduce Production Flow Again Gaining Interest
August 23, 2024
Oil pops above $74.00 with expectations of OPEC acting, taking place. Morgan Stanley cuts its Brent Oil price forecast by $5 to $80 per barrel for the end of 2024. The US Dollar Index hovers around...
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Oil Sheds Over 3% In Just Two Trading Days On Positive Signs About Gaza Ceasefire Talks
August 20, 2024
Oil price slips for a second day in a row this week. Israel Prime Minister Benjamin Netanyahu backs US Secretary of State Antony Blinken’s ceasefire proposal. The US Dollar Index eases further as...
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WTI Price Prediction: Slides Back Below Mid-$76.00s, Not Out Of The Woods Yet
August 16, 2024
WTI fails to build on the overnight recovery and meets with a fresh supply on Friday. Bearish traders need to wait for a break below the weekly low, around 75.70-$75.65. A sustained move and acceptance...
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The Commodities Feed: Oil Rises Amid Declining US Inventories
August 14, 2024
Oil prices recovered this morning following a bullish API inventory report. However, the IEA’s outlook on the market was relatively bearish
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WTI Crude Oil Forecast: Continues To Attempt Its Recovery
August 08, 2024
The West Texas Intermediate Crude Oil Market, or US Oil, has rallied rather significantly during the trading session on Wednesday as we've seen more of a risk-on type of feel to the markets overall.
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Black Monday: Futures Plummet As VIX Hits 62, Japan Suffers Worst Point Drop In History
August 05, 2024
In the US, futures are sharply lower with tech plunging as the global AI/Semis trade - itself a byproduct of the carry trade - is sold and small-caps are re-shorted.
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The Commodities Feed: US Macro Weighs On The Complex
August 02, 2024
The commodities complex came under pressure yesterday with a weaker-than-expected US ISM manufacturing index reading. This will only add to demand worries. However, geopolitical risks remain an upside...
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The Energy Report: Bullish Star Alignment
August 01, 2024
Are the stars out tonight? Some days all the bullish stars align. Some call it a Doja Star bottom but really what we are seeing is the price of oil and products acknowledging the increasingly bullish...
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Futures Surge As Tech, Semis Rebound Ahead Of Fed Decision
July 31, 2024
Despite disappointing earnings from world's second biggest company and Mag 7 titan, Microsoft, global stocks rallied on Wednesday, with Nasdaq 100 index futures jumping, as a flurry of bullish news...
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The Commodities Feed: Tensions build in the Middle East
July 31, 2024
Crude oil traded higher this morning on rising geopolitical conflicts in the Middle East. A constructive API report also further helped to lift sentiment in the oil market.
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WTI Rises Toward $76.00 As Middle East Tensions Heighten The Oil Supply Concerns
July 31, 2024
WTI rebounds from an eight-week low of $74.24 recorded on Tuesday. Oil prices gain ground as Middle East tensions pose risks to Oil supply. The prices of crude Oil may receive support from the...
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The Energy Report: Weakness In Different Forms
July 30, 2024
Oil prices are shaky as Asian markets are selling off as investors run for cover ahead of big economic reports this week.
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Oil Rises In Price Amid Rising Geopolitical Tensions In The Middle East. Bitcoin Has Reached The $70,000 Mark
July 29, 2024
On Friday, the Dow Jones (US30) Index gained 1.64% (for the week +0.43%), while the S&P 500 (US500) Index gained 1.11% (for the week -1.54%).
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Oil And Natural Gas: Oil Rose To The Weekly Open Price
July 26, 2024
After a long time, the price of oil managed to stop falling to the $76.04 level yesterday. The price of natural gas continued to retreat yesterday to a new low of $2.06.
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The Energy Report: Shake The Dust
July 25, 2024
Oil trade is having a hard time shaking off economic fears even after some very bullish petroleum data suggests that crude supply is tightening, and US oil production is plateauing.
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The Energy Report: Biden Is Out Of It
July 22, 2024
It looks like the democrats are the threat to democracy as the candidate that received the most votes in their primary is being forced to step down.
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WTI Plummets As Surprise PBoC Rate Cuts Raise Uncertainty Over China’s Economic Outlook
July 22, 2024
The Oil price dives further amid growing concerns over China’s economic outlook. The PBoC surprisingly reduced its Loan Prime Rate by 10 bps. Kamala Harris’s nomination for Democrats’ leader has...
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The Energy Report: Time After Time After Time
July 12, 2024
If you’re lost, you can look, and you will find me, Time after Time. If you fall, I will catch you, I’ll be waiting, Time after Time.
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Futures Dip Ahead Of "Very Good" CPI
July 11, 2024
After the S&P closed up the first 7 trading days of July, US equity futures are down small following yesterday’s last hour meltup rally and into today’s CPI.
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The Energy Report: To Recovery Mode
July 09, 2024
The Port of Galveston and the Port of Houston are in recovery mode as well as refiners where the biggest damage from hurricane Beryl seems to be the lack of power.
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WTI Slides Further To $81 As Oil-Shipping Ports Near Gulf Of Mexico Resume Operations
July 09, 2024
The Oil price falls further as the minimal impact of Hurricane Beryl eases supply concerns. Fed Powell may provide cues about when the CB will deliver rate cuts. This week, investors will focus on CPI...
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The Energy Report: Sliders On The Storm
July 08, 2024
Oil and products are sliding on the storm as some of the worst-case scenarios of Hurricane Beryl thankfully, won’t come to won’t come to be.
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WTI Corrects From Two-Month High Near $84.00 Amid Caution Due To Storm Beryl
July 08, 2024
WTI price corrects from $84.00 due to uncertainty over the impact of Tropical Storm Beryl. Various US ports were closed on Sunday as a precaution against Storm Beryl. The prospects of Fed rate cuts in...
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