Oil market conditions: WTI oil closed down $1.89 on concerns that global economic activity is slowing down, dragging down oil demand.

West Texas crude oil (WTI) contracts in New York closed down more than 2% on Friday (Dec. 1) after adjusting to fluctuations this week. Meanwhile, investors are still keeping an eye on the situation of the latest round of oil production cuts in the OPEC+ group. and are concerned about stagnant manufacturing activity around the … Read more

WTI oil dropped nearly 1% this morning. Markets keep an eye on OPEC+ meeting: InfoQuest

WTI oil dropped nearly 1% this morning. Markets keep an eye on OPEC+ meeting: InfoQuest

economic news10:42 a.m.2023-11-27 WTI oil prices fell this morning. Meanwhile, investors keep an eye on the oil production policy meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allied nations. or OPEC Plus on this Friday At 10:37 a.m. Thai time, the West Texas Crude Oil Contract (WTI) will be delivered in December. … Read more

WTI oil price falls close to $77, profit-taking drags down the market

WTI crude futures fell near the $77 level today. While investors send orders to sell and take profit. After the price rose yesterday At 8:52 p.m. Thai time, the West Texas Crude Oil Contract (WTI) will be delivered in December. which was traded on the NYMEX market, minus $0.68, or 0.87%, to $77.15/barrel. WTI oil … Read more

The Decline in Oil Prices: Impact of Growing Reserves in America

The Decline in Oil Prices: Impact of Growing Reserves in America

The decline in oil prices occurred against the backdrop of growing reserves of this type of raw material in America. On Thursday, November 16, oil prices for standard grades of oil continued to fall on the world market. Experts named the main reason for this situation on the market as information about an increase in … Read more

International Oil Prices Rebound Despite Weak Demand in China: Market Analysis and Updates

International Oil Prices Rebound Despite Weak Demand in China: Market Analysis and Updates

International oil prices rebounded from a four-month low on Thursday (9th), escaping the haze of falling in the previous two days due to weak demand from Chinese consumers. However, this may not help the weekly decline this week. Energy Commodity Prices West Texas Intermediate (WTI) crude oil futures for December delivery rose 41 cents, or … Read more

WTI Crude Futures Fall as Investors Profit from Previous Price Surge Amid Middle East Tensions

WTI crude futures fell more than 1%, breaking below $87 today. while investors sell to make profits After the price rose significantly earlier At 9:23 p.m. Thai time, the West Texas Crude Oil Contract (WTI) will be delivered in November. which was traded on the NYMEX market, down 0.89 dollars or 1.01% to 86.80 dollars/barrel. … Read more

WTI Crude Oil Futures Surge over 1% as Investor Speculation Drives Market Growth

WTI crude oil futures rose more than 1%, breaking through the $84 level as investors sent speculative buying into the market. After the price plummeted heavily earlier At 9:39 p.m. Thai time, the West Texas Crude Oil Contract (WTI) will be delivered in November. which was traded on the NYMEX market, added $1.11 or 1.33% … Read more

Oil Price Plunges Amid Uncertainty in Demand: Expert Analysis

Financial experts are convinced that the price of oil has fallen due to uncertainty in demand. Today, September 26, world oil prices have dropped significantly amid the announcement of important information about raw material reserves in America, reports Dialogue.UA with reference to data biddingcoming from various exchanges (ICE Futures, NYMEX, etc.). It recently became known … Read more

Effects of High Interest Rates and Russian Oil Export Suspension on WTI Prices

West Texas Crude Oil (WTI) contracts in New York closed negative on Thursday (Sept. 21), with the market pressured by concerns that high interest rates could affect the economy and oil demand. However, WTI oil prices closed slightly lower. This was because news of Russia announcing the suspension of oil exports around the world was … Read more