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Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.1%. For the year ...
Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday.
The reopening of China following strict COVID lockdowns is seen as bullish for energy prices going forward, but so far oil has been mostly been trading in a tight range. “Crude has gone sideways ...
Crude oil markets have fallen during most of the week, only to turn around and find plenty of support.
Crude oil markets have fallen rather significantly during the trading session on Thursday, as both grades that I follow have broken through the 200 Day EMA.
Crude oil makes up about half the price of a gallon of gasoline, making crude the key factor on top of distribution costs and taxes. Motorists in Europe see far smaller fluctuations because taxes ...
The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
Crude oil markets initially sold out during the trading session on Thursday but turned around to show signs of life again. Doing so suggests that the buyers are going to be there for every dip.