WTI crude oil futures fell below the $72.2 per barrel mark on Tuesday, the lowest since touching a seven-month low of $71.9 in August as muted demand magnified the impact of relatively ample supply. New data from China exacerbated concerns that economic growth from one of the world’s largest oil consumers is unlikely to bounce back this year, with key gauges of domestic factory demand dropping more than expected in August.
wti crude
शिपिंग आपूर्ति संबंधी चिंताएँ जारी रहने से कच्चे तेल में उछाल आया है
सोमवार को शुरुआती एशियाई कारोबार में तेल की कीमतों (Crude Oil Prices) में बढ़ोतरी हुई, जिससे लगातार तीसरे दिन बढ़त रही, क्योंकि शिपिंग व्यवधान से आपूर्ति संबंधी चिंताएं बढ़ गईं। ब्रेंट क्रूड वायदा 16 सेंट या 0.2% बढ़कर 82.69 डॉलर प्रति बैरल हो गया, जबकि यूएस वेस्ट टेक्सास इंटरमीडिएट क्रूड फ्यूचर्स (WTI) 15 सेंट या 0.2% चढ़कर 77.73 डॉलर प्रति बैरल हो गया।
WTI Oil Technical Analyses: Target Price 87.30 To 88.80
WTI Oil Technical Analyses: U.S. oil may break a resistance at $86.20 per barrel, and rise into a range of $87.30-$88.80. Image source: Thomson Reuters The bullish momentum is pretty strong, as illustrated by the consecutive gains over the past few days. The contract could be riding on a wave …
WTI futures is continuously struggling to surpass the magical figure of $100.00
West Texas Intermediate (WTI), futures is continuously struggling to surpass the magical figure of $100.00 from the entire week. The oil prices have remained sideways amid the unavailability of any potential trigger that could guide the asset to a directive move. The black gold has traded in a $96.28-100.70 range and is likely to continue its consolidation further.
Saudi Arabia ready to pump more oil under Russian production ban
Saudi Arabia has indicated to western allies that it is prepared to raise oil production should Russia’s output fall substantially due to the energy sanctions against Moscow, the Financial Times (FT) reports, citing five people familiar with the discussions.
Crude Oil Futures: Addition Rebound Likely – Neal Bhai Reports
Crude Oil Futures: Thinking about preliminary readings from cme group for crude oil futures markets, traders brought round 14.3k contracts to their open hobby positions, reaching the 3rd every day boom in a row. Extent followed fit and rose with the aid of round 285.5k contracts.
WTI stays above $82.00 ahead of EIA Inventories | Neal Bhai
WTI holds onto the recent gains near $82.40, up 0.05% intraday, during a quiet Asian session on Wednesday. The oil benchmark cheered the US dollar weakness and upbeat sentiment to ward off the bearish inventory levels published by industry sources the previous day. The latest moves, however, await the official stockpile data for further direction.
Oil Heading for Seventh Weekly Advance With WTI Nearing $80
Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roiled markets from Europe to Asia.
GOLD, CRUDE OIL PRICES FOCUSED ON US FISCAL STIMULUS TALKS
Looking ahead, US fiscal stimulus negotiations may be in focus as officials scramble to get a deal done before Congress departs for a recess at the end of the week. Democrats have put up a proposal costing $3.5 trillion while Republicans countered with a $1 trillion scheme.
Crude Oil Trades Roughly Flat as Supply Risks offset Rising US Crude Stockpiles
Gold Silver Reports – Brent crude oil held above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that raised concerns of more supply threats, outweighing expectations of higher U.S. inventories.