WTI

As global tensions in the Middle East highlight a volatility in the oil markets, an expert suggests the U.S. economy’s susceptibility to oil price shocks has significantly diminished compared to previous decades. What Happened: According to Bob Elliott, the CIO of Unlimited Funds, the shift...

After having cut its oil forecasts twice in less than a week, analysts at Goldman Sachs cut their annual forecasts for Brent and West Texas Intermediate Crude for 2025 and 2026 yet again, warning of a worst-case scenario involving a tariff-driven global recession and higher supply by the OPEC+...

Key indicators of the financial market’s health reacted as investors began to parse early results of the high-stakes presidential battle between Donald Trump and Kamala Harris. What happened:  Stock futures edged higher on election night, with those tied to the Dow Jones Industrial...

Oil prices continue to experience a sluggish trend, with West Texas Intermediate (WTI) light crude trading flat at just under $78 a barrel on Monday morning. This stagnation persists even as rising tensions in the Middle East have failed to significantly impact oil prices. Middle East heats up...

West Texas Intermediate (WTI) light crude oil surged 0.3% past $81 per barrel on Thursday, eyeing its highest close since late April and a potential third consecutive session of gains, as lower-than-expected U.S. inventories spurred market concerns. What Happened: Commercial crude oil stocks in the...

Crude oil prices declined for the fifth consecutive session on Tuesday, with West Texas Intermediate (WTI) light crude, tracked by the United States Oil Fund (NYSE:USO), closing at $73.32. This marks the lowest level since Feb. 7, 2024. The recent decline in oil prices is primarily due to...

The West Texas Intermediate (WTI) crude spot price, as tracked by the United States Oil Fund (NYSE:USO), hovered below $80 a barrel on Monday, remaining relatively stable despite significant geopolitical developments in the Middle East. Indeed, natural gas prices have experienced a substantial...

Oil prices rallied sharply by the end of the session, with Brent futures climbing 1.2% to surpass $90 a barrel, and West Texas Intermediate futures increasing by 1.1% to over $86 a barrel, amid heightened geopolitical tensions in the Middle East. The United States Oil Fund (NYSE:USO) closed 1.2%...

Recent spikes in commodity prices are tipping the balance towards a potentially grim economic outlook for the year, akin to the challenging times seen in the 1970s. Ed Yardeni, the president and CEO of Yardeni Research, notes that the chances of witnessing a repeat of the 1970s are increasing,...

In a development that could have wider implications for the oil market, Saudi Arabia's state-owned Aramco has suspended its plan to boost its maximum crude production capacity. The decision comes against the backdrop of a shifting global landscape, with increasing concerns about the...

Oil prices witnessed a sharp 2.5% increase to over $74 per share in early New York trading on Thursday following the seizure of a tanker by Iran off the coast of Oman. The St Nikolas, previously seized by the U.S. for carrying Iranian oil, was transporting Iraqi crude to Turkey when Iran detained...

In a move that has sent shockwaves through the oil market, Saudi Arabia has drastically reduced oil prices, leading to a significant increase in short positions in both Brent crude and West Texas Intermediate crude. What Happened: Short positions in Brent crude and West Texas Intermediate...

Global energy prices fell on Monday, with Brent crude dipping back below $80 a barrel after OPEC+ rescheduled its meeting — originally planned for Sunday — to later this week. In early trade, Brent crude was down 1.2% at $79.50 a barrel, while Nymex West Texas Intermediate fell 1.2% to $74.61 a...

Oil prices fell during afternoon trade on Friday, as OPEC+ was reported to be close to a deal that will bring more oil onto the market from African-producing members of the oil cartel. In mid-afternoon trade, Brent Crude was down 1.3% at $80.35 a barrel, while US West Texas Intermediate fell 2.4%...

On Wednesday, West Texas Intermediate (WTI) crude oil fell below $76 a barrel, breaking through its 200-day moving average, which had served as a strong support level since mid-July. This decline was driven by concerns of a global demand slowdown outweighing supply worries. Oil prices are currently...