Tag: WTI
Where Is Brent Oil From?
Jennifer -
Brent oil, often referenced in global financial markets, plays a pivotal role in the oil industry. It is one of the primary benchmarks for...
Macquarie Foresees “Heavy Surplus” for Oil in 2025, Lowers Price Forecast
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Macquarie has revised its oil price forecasts downward, predicting a significant surplus in the oil market over the next five quarters. The bank's latest...
Oil Prices Decline as U.S. Production Resumes and Rig Count Rises
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Oil prices eased on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and data revealed an increase in the U.S....
Oil Prices Extend Losses Amid Weak Demand and Higher OPEC+ Supply Expectations
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Oil prices continued their decline on Monday, driven by a combination of anticipated increases in OPEC+ production and signs of weak demand growth in...
USD/CAD Rises to Near 1.3500 as Oil Prices Decline
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The USD/CAD exchange rate has recently moved up to approximately 1.3500, driven by lower crude oil prices impacting the commodity-linked Canadian Dollar (CAD). This...
Oil Prices Slip After Three-Day Surge Amid Middle East Tensions and Libyan Supply Concerns
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LONDON — Oil prices eased on Tuesday after a strong rebound over the past three sessions, driven by concerns over potential supply disruptions due...
Oil Prices Set to End Week Lower Amid Demand Concerns and Supply Relief
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August 23 – Oil prices showed little movement on Friday but are poised to close the week lower. This trend is attributed to weaker-than-expected...
Oil Prices Decline for Fifth Consecutive Session Amid Demand Concerns
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Oil prices fell for the fifth straight session on Thursday, driven by growing worries about global demand, despite a recent drop in U.S. fuel...
What Type of Crude Oil Is Used to Make Diesel?
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Crude oil is a vital natural resource that serves as the primary feedstock for the production of various fuels, including diesel. Understanding the types...
Oil Prices Decline as Middle East Tensions Ease and China Data Weakens
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Oil prices fell approximately 1% to a two-week low on Tuesday due to a combination of easing Middle East supply concerns and disappointing economic...
Oil Prices Decline Amid Gaza Cease-Fire Talks and Chinese Economic Concerns
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Oil prices fell for the fourth time in five sessions as traders closely monitored U.S.-led diplomatic efforts to secure a cease-fire in the ongoing...
Oil Prices Steady as Economic Fears Outweigh Geopolitics
Jennifer -
Oil prices remained relatively stable, with Brent crude North Sea oil slightly up by USD 0.15 to USD 79.91/bbl, and WTI rising by USD...