Tag: WTI

OPEC maintains oil demand estimate for 2024 despite uncertainties

OPEC maintains oil demand estimate for 2024 despite uncertainties

Referring to oil production of the OPECthe report speaks of 27.0 mbd in 2023, 2.6% less than 2022. In case of Venezuelathe only Latin American country in the group, the production has increased 8.8% between 2022 and 2023, from 688,000 barrels per day to 749,000 barrels, according to independent sources cited by the OPEC. Saudi […]

Oil rises 2% on concerns about the Middle East crisis

Oil rises 2% on concerns about the Middle East crisis

He Israeli government has indicated that it is an offensive against Hamas in the Gaza Strip will continue into 2024, raising concerns among investors about the possibility of the conflict spreading across the region and affecting crude oil trade. Analysts will be paying attention to US inventory data released today by The New York Times […]

Oil prices drop by more than 3% due to fears of a conflict in Israel

Oil prices drop by more than 3% due to fears of a conflict in Israel

He Crude oil from the North Seareference Europeended the day in the International stock futures down $2.93 compared to the last negotiation, when it closed at $90.38. The price of Brent fell as market fears about an expansion of the conflict between the two subsided Israel and Hamas, which analysts say could impact supply in […]

Brent and WTI oil ended the week higher, crossing USD90 per barrel

Brent and WTI oil ended the week higher, crossing USD90 per barrel

He Crude oil from the North Seareference Europeended the day on the International Exchange Futures up USD0.23 compared to next Thursday’s trading, when it closed at USD93.7. This way, except on the day of Wednesdaywhen it saw a slight decline of 0.12%, Brent has closed higher every day this week, ending at almost four dollars […]

The oil price falls to the lowest level in 15 months

The oil price falls to the lowest level in 15 months

Reference oils Brent and WTI have posted their lowest levels since 2021, following the risks currently posed by the banking sector to the world, coupled with a hypothetical rise in interest rates in the United States. Barrels of Brent crude for May delivery fell 2.5% on the London futures market this Monday to USD 70.70 […]

Oil prices are at their lowest levels of the year

Oil prices are at their lowest levels of the year

Meanwhile, the value of Texas Intermediate Oil (WTI) opened this Monday with a decrease of 2.66%to $74.25 a barrel after a weekend of protests against restrictions imposed on Covid-19 in China, one of the world’s largest oil consumers. After several weeks lower, the Brent price registered today abrupt drop 4.07% from Friday’s close, prompted by […]

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