WTI is under pressure from rising US Dollar despite a dip in US oil inventories – by christianborjon Oil WTI Commodities Energy
US crude inventories
On Wednesday, the US Energy Information Administration revealed that crude inventories slid by 5.1 million barrels compared to last week, exceeding estimates of -1.5 million. The EIA informed that gasoline and distillates also declined by 2.4 million barrels and almost 600,000 barrels, respectively.
Of note is that WTI prices had almost erased all of their gains after the Organization of the Petroleum Exporting Countries and its allies, known collectively as OPEC+, announced additional cuts to crude oil in early April.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WTI crude oil prices rise more than 1% on growing optimism in China marketIn the mid-Monday North American session, WTI crude oil prices continued to climb, trading at $78.78 per barrel, marking a gain of 1.13%. The price ha
Weiterlesen »
WTI crude oil buyers seek acceptance near $78.50 as demand hopes join cautious marketsWTI crude oil retreats to $78.60 during early Tuesday, fading a two-day recovery from the early month low, as the black gold buyers seek more clues to
Weiterlesen »
WTI Price Analysis: 100-EMA prods Oil buyers below $79.00WTI crude oil treads water around $78.70, pausing a two-day uptrend, as the market seeks fresh clues during early Tuesday. In doing so, the black gold
Weiterlesen »
WTI Price Analysis: Defends three-week support of $76.70 ahead of oil inventory dataWest Texas Intermediate (WTI), futures on NYMEX, have managed to find an intermediate cushion near three-week support of $76.70. The oil price is show
Weiterlesen »
Russia's Lavrov hosts UN meeting on 'international peace,' gets slammed by Western diplomats | CNNWestern diplomats slammed Russian Foreign Minister Sergey Lavrov for his country's unprovoked assault on Ukraine during a face-to-face session hosted by Moscow's top diplomat at the United Nations Security Council on Monday.
Weiterlesen »
Russia’s Lavrov spars with Western officials at U.N.Russia’s foreign minister squared off against the U.S. and its allies at the U.N. Security Council, warning that their aggression and bullying have brought the world to a “dangerous threshold,” deflecting criticism of his country’s invasion of Ukraine.
Weiterlesen »