West Texas Intermediary (WTI) Crude Oil barrel prices fell another 2% on Thursday, falling to a low $81.21 before recovering in the late hours of the
Crude Oil is continuing its recent decline as investors turn about-face to fret over global demand. Futures markets that initially anticipated oil prices over $100/barrel are reversing direction and liquidating positions. Global supply disruptions may turn out to be less severe than previous anticipated, despite reserve drawdowns. trading day to bid into $81.88.
Long positions established in Crude Oil futures markets that were previously anticipating WTI reaching $100/barrel into the end of the year are rapidly liquidating their positions, taking flight as global production looks set to ease off undersupply worries as crude-hungry economies across the globe look set to see waning Crude Oil demand, with the pivot out of fossils exacerbated by the recent crude price surge.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WTI Crude Oil accelerating declines towards $83, OPEC recommends maintaining prodution reductionWest Texas Intermediary (WTI) dipped below $83.20 per barrel on Wednesday, pushed lower as markets eased off supply concerns and rising US Treasury yi
Leer más »
Oil Price Update: Brent, WTI Prices Plunge after Weaker US DemandUS demand for gasoline has dropped, resulting in stock builds. Early indications of fragility are showing in the US after yesterday’s PMI report revealed a drop in new orders
Leer más »
Oil prices move up after demand worries spark sharp pullbackWTI, Brent oil try for second gain in six sessions
Leer más »
Closing prices for crude oil, gold and other commoditiesBenchmark U.S. crude oil for November delivery fell $1.91 to $82.31 a barrel Thursday. Brent crude for December delivery fell $1.74 to $84.07 a barrel. Wholesale gasoline for November delivery fell 1 cent to $2.19 a gallon. November heating oil fell 15 cents to $2.87 a gallon. November natural gas rose 21 cents to $3.17 per 1,000 cubic feet. Gold for December delivery fell $3 to $1,831.80 an ounce. Silver for December delivery fell 13 cents to $21.02 an ounce and December copper fell 4 cents to $3.55 a pound. The dollar fell to 148.40 Japanese yen from 149.05 yen. The euro rose to $1.0551 from $1.0504.
Leer más »
Exxon slides amid crude oil slump, but sees solid Q3 profits from summer rallyExxon, the biggest U.S. oil producer, said third quarter earnings should rise from the prior period following a summer rally in global crude prices.
Leer más »
Crude Oil Futures: A deeper drop seems not favouredCME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions by around 2.6K contracts on Wednesday, re
Leer más »