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Wti Crude

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commodities3 days ago

Oil slides as US–Iran talks resume and tariffs cloud demand

Oil prices slipped about 1% as the US and Iran prepared for a third round of nuclear talks in Geneva, easing fears of conflict, while Trump’s tariff hike added growth-uncertainty that weighed on demand. Brent traded around $70.89 a barrel and WTI around $65.63, with analysts noting an Iran risk premium but potential sanctions relief that could boost supply; Goldman Sachs also warned of downside risk to 2026 prices if sanctions relief or other disruptions accelerate supply, though a global surplus is forecast if none materializes.

via Investing.com|
#brent-crude#commodities#oil
Brent Reaches $71+ on Iran-Tension Fears roiling oil markets
energy6 days ago

Brent Reaches $71+ on Iran-Tension Fears roiling oil markets

Brent crude climbed above $71 and WTI traded around $66 as traders priced in the risk of U.S. military action against Iran, citing stalled diplomacy and potential disruptions to Iranian supply and Persian Gulf flows through the Strait of Hormuz; the market appears tighter due to sanctions dynamics and a steeper Brent curve amid stalled Russia-Ukraine talks.

via Crude Oil Prices Today | OilPrice.com|
#brent-crude#energy#geopolitical-risk
Oil Prices Surge Amid OPEC+ Output Cuts and Mixed Demand Signals
energy-markets1 year ago

Oil Prices Surge Amid OPEC+ Output Cuts and Mixed Demand Signals

WTI crude oil prices surged to $80 a barrel, marking the best session in over two months, driven by anticipated demand and supply constraints. Goldman Sachs revised its long-term oil demand forecast upward, predicting peak demand around 2034. Energy stocks rallied, with significant gains in the Energy Select Sector SPDR Fund. Goldman Sachs also highlighted key energy stocks to buy and sell based on free cash flow, growth assets, and refining market exposure.

via Benzinga|
#energy-markets#energy-stocks#goldman-sachs
Oil prices fluctuate amidst economic uncertainty and inventory data.
energy2 years ago

Oil prices fluctuate amidst economic uncertainty and inventory data.

Oil prices fell by 2% after the US Federal Reserve Chair, Jerome Powell, announced that further interest rate hikes are coming in the second half of the year. The US benchmark, WTI Crude, was trading at $71.12, down by 1.92% on the day, while the international benchmark, Brent Crude, was falling by 1.84% and traded at $75.67. The Bank of England also surprised markets with a large 50-basis-point interest rate hike, the 13th consecutive increase, after inflation data from Wednesday showed the UK’s May inflation was stuck at an annual 8.7%, flat compared to April and higher than expectations.

via OilPrice.com|
#brent-crude#energy#fed
Oil Prices React to Demand Fears and Inventory Data.
energy2 years ago

Oil Prices React to Demand Fears and Inventory Data.

WTI crude futures dropped to just above $70 per barrel as renewed fears of immediate lackluster global demand pervaded the oil markets. China's weak economy spells trouble for global crude demand, while the European Union has seen two consecutive quarters of economic contraction. OPEC+’s production quota cuts are a testament to the group’s likely outlook on crude oil demand, mainly crude oil demand from China. Meanwhile, U.S. crude oil production has rallied over the last two weeks to 12.4 million bpd.

via OilPrice.com|
#china#energy#eu