Traders Turn Bearish on U.S. Oil
Traders are selling West Texas Intermediate futures in anticipation of further strong production growth
Source: oilprice.com
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Oil Climbs Higher on Signs of U.S. Inventory Draw
Crude oil prices extended their gains from Tuesday after the American Petroleum Institute reported an estimated inventory draw of over 5 million barrels that observers had not expected.
Source: oilprice.com
Oil Prices Fall Hard After 2-Day Rise
Crude oil prices fell on Thursday after rising on Tuesday and Wednesday, with Brent retreating shortly before reaching $98 per barrel.
Source: oilprice.com
Oil Price Rally Sees WTI Top $90
West Texas Intermediate (WTI) soared past $90 in Thursday morning trading, up over 30% in three months, driven by sustained OPEC+ production cuts and indications that a tighter market is coming.
Source: oilprice.com
Oil Reaches New 2023 High | OilPrice.com
The per barrel price for the WTI grade of crude oil reached $85 on Friday—the highest price point yet this year as falling inventory levels spook the market
Source: oilprice.com