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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.
DGS Capital Management LLC increased its position in W&T Offshore, Inc. (NYSE:WTI – Free Report) by 46.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,411 shares of the oil and gas company’s stock after purchasing an additional 15,381 shares during the quarter. DGS […]
West Texas Intermediate (WTI) crude oil is on the high side for Thursday, chalking in a new ten-month high as US light sweet crude takes a run up the
With prices for crude oil seemingly headed for the $100/bbl mark amid rising global demand, OPEC pointedly rejected a recent IEA projection for peak oil by 2030.
Despite bullish forecasts, China’s weakening demand looms as a cap on gains