Page 35 - Wti News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Brent crude was down 26 cents at $84.20 a barrel by 1300 GMT, while the more active U.S. West Texas Intermediate October contract slipped 24 cents to $79.88

Brent crude slipped 65 cents to $83.47 a barrel as of 1235 GMT, while WTI edged 61 cents lower to $79.78

China’s economic activity data for July released on Tuesday remains the key bearish market driver

Barrels per day, how much they're taking off the market then essentially. russia also saying they're going to take off around 300,000 barrels per day or off the markets and the price shot up around 4% then. wti went up 15% of july. for this month, we're only eight or so days in, and it's already gone up 1%. it kind of tells you a clear picture then, that there has been this marked rally when it comes to that oil price, which would obviously impact things like inflation, which the fed will definitely worry about because fuel could possibly head a little bit higher. a few worries on that front. ...

The Opec-plus countries, which pump almost 40% of the worlds crude, have a broader plan to limit supply into 2024 and prop up global oil prices. In October 2022 and April this year, the production cartel decided to cut output of its member countries to tackle the supply glut and boost prices.