WTI

Despite the sharp declines experienced by oil prices in recent weeks, Goldman Sachs (NYSE: GS) reiterated its forecast for Brent prices of $95 by December 2023 and $100 for April 2024. Supply deficits are expected to surge in the second half of the year, the firm predicts. The...

West Texas Intermediate (WTI) prices plunged 7.2% during the first few minutes of the opening trade in Asia on Thursday and puzzled experts are touting different reasons for the sudden and dramatic fall in prices, which later stabilized. When trading kicked off a few hours later in global benchmark...

Fatih Barol, executive director of the International Energy Association (IEA), is cautioning OPEC countries that efforts to raise oil prices could have a detrimental effect on global growth and risks accelerating the transition to renewable energy. "They have to be very careful,...

Oil prices climbed in Wednesday's session, with a barrel of WTI crude reaching $82.50, after the Bureau of Labor Statistics reported lower-than-expected inflation in March and following remarks by the U.S. Energy Secretary Jennifer Granholm, who expressed intentions to return...

Oil prices soared over 3% on Monday morning in Asian trade after reports indicated the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are likely to consider an output cut of over a million barrels per day in the fresh trading week. Brent crude...

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the last two years. But there is no question some big-name stocks performed better than others since the pandemic bottom. Exxon's Bumpy Road: One company that has been a great...

Oil maintained gains from the previous session on Tuesday morning in Asia trading after the Organization of Petroleum Exporting Countries and allies including Russia (OPEC+) decided on a modest 100,000 barrel-a-day supply cut while adding that the group may do more in the fourth...

Oil prices rebounded slightly on Thursday morning in Asia trading after falling to multi-month lows earlier on the back of a sudden rise in inventories that signaled a fall in U.S. demand. What Happened: U.S. crude inventories rose by 4.5 million barrels to 426.6 million barrels in the week ended...

Oil continued its downward trend during Tuesday morning trading session in Asia after several countries reported weak manufacturing data stoking fears of sluggish demand. Surveys from the United States, Europe and Asia showed that factories struggled for momentum in July, reported Reuters. Factory...

Oil prices fell on Monday morning in Asia trading ahead of a crucial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies on Wednesday that marks the conclusion of the 2020 output reduction pact. Weak manufacturing data from China and Japan also hung...

Oil prices rose marginally higher in Asia trading on Friday morning, driven by tight supplies and a weak dollar, as investors shifted their focus to a planned meeting between the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia next week. Price...

Oil climbed in Thursday morning Asia trade as U.S. crude stockpiles fell by the most since the end of May, while exports hit a record high, reported Bloomberg. The U.S. Federal Reserve’s dovish stance on future rate hikes also supported the commodity. Also Read: Alibaba Falls, Hang...

Oil fell in Asia trading on Monday morning, dragged by the European Union (EU) easing sanctions on Russian oil and growing demand concerns in the United States ahead of a possible rate hike later this week. Price Movement: West Texas Intermediate (WTI) futures fell 0.8% and were...

What impact will higher than previously expected oil prices have on the North American oil field services sector? Investors can expect continued revenue growth for companies over time as oil prices should sustain levels north of $70 per barrel, according to Bernstein.  The Analyst Bernstein...