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kalkinemedia.com

Oil prices fall as Chinese demand worries linger

NEW YORK (Reuters) - Oil prices fell on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures dropped $1.17, or 1.4%, to trade at $84.17 a barrel by 12:43 p.m. EST (1625...
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rigzone.com

Oil Declines for Third Consecutive Week

Oil posted a third weekly loss as the European Union suspended talks over a Russian oil price cap amid disagreements between member states. West Texas Intermediate futures fell 2.1% to settle at $76.28 a barrel after trading in a more than $3 range on Friday. European diplomats remain locked in talks over how strict the cap should be, having previously proposed a range of $65-$70. Poland and the Baltics felt the cap was too generous to Russia and now diplomats have postponed discussions until Monday.
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NASDAQ

Crude Climbs as West Eyes Russian Oil Price Cap

The energy sector is set for a higher start, supported by strength in the crude complex. U.S. equity futures are mixed-to-lower as investors return after the Thanksgiving holiday to see European stocks down and fears over a bumpy holiday shopping season. WTI and Brent crude oil are higher this morning...
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Seekingalpha.com

KOLD: Price Caps, Low Inventory, And A Trading Opportunity

With the advent of winter, synonymous with higher demand, and a fall in inventory levels on both sides of the Atlantic, prices have moved higher. At the same time, China's alarming Covid infection rates and rising risks of a recession in the U.S. should both adversely impact demand in the medium term.

Why Pampa Energía Could Outperform

Pampa Energía S.A. demonstrates a strong commitment to delivering good results in tandem with rising fossil fuel prices. The company is on track to increase sales and revenue, which should continue to boost its share price. Utilities Were Not Hit by The Bearish Sentiment in The US Stock Market.
talkmarkets.com

WTI Extends Losses Below $80.00 On Buoyant US Dollar, China’s Covid Woes

Western Texas Intermediate (WTI), the US crude oil benchmark, remains moderately negative due to low demand concerns surrounding the crude oil market. Factors like ongoing China’s Covid-19 outbreak and reports emerging during the week for increased crude output keep the WTI price stable. At the time of writing, WTI exchanges hands around $77.46 PB.
financialtribune.com

Oil Up as Markets Mull Over China Covid, Demand Worries

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 41 cents, or 0.48%, to trade at $85.75 a barrel. US West Texas Intermediate crude futures went up by 57 cents, or 0.73%, from Wednesday's close to $78.51 a barrel. There was no WTI settlement on Thursday due to the US Thanksgiving holiday, Reuters reported.
timeturk.com

Oil prices decline 1% in week ending Nov. 25

Oil prices extended losses for the third week as the demand outlook worsened and concerns over tightening supply eased. International benchmark Brent crude traded at $86.71 per barrel at 2:29 p.m. local time (1129 GMT) on Friday, a 1.17% decrease from the opening price of $87.74 on Monday. The American...
newsactive.net

Oil prices stable, but Chinese demand worries linger

LONDON, Nov 25 (Reuters) – Oil costs had been steady on Friday in skinny market liquidity, closing every week marked by worries about Chinese language demand and haggling over a Western worth cap on Russian oil. Brent crude futures had been up 22 cents, or 0.3%, to commerce at...
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