WTI News

Crude Oil Prices Take a Dip: A 1% Drop Following Yesterday's Surge

Crude oil prices fell by over 1% on Thursday, reversing previous gains due to US sanctions on Russia and delays in Israel-Hamas negotiations. WTI and Brent prices both saw decrease...

US Sanctions Propel Oil Prices Up by 2%, Spotlight on Russia's Energy Sector

Crude oil prices surged over 1% due to US sanctions targeting Russia's energy sector, affecting major producers and raising global supply concerns. WTI and Brent prices both saw si...

Global Oil Prices Dip 1.5% as US Sanctions on Russia Lose Steam

Crude oil prices have declined as the market's reaction to US sanctions on Russian oil companies cools. WTI and Brent crude both saw decreases, marking the first downturn since the...

US Sanctions Spark 4% Surge in WTI Prices: A Deep Dive into the Impact on Russian Oil

Oil futures surged as the US plans new sanctions on Russian oil tankers and insurance companies, aiming to cut into Russia's oil income. WTI and Brent prices saw significant increa...

US Oil Futures Surge 1% Amid Significant Inventory Draw, Sparking Supply Concerns

Oil futures surged by 1% following an EIA report showing a significant draw in U.S. oil inventories, raising supply concerns. WTI and Brent crude prices both saw notable increases.

Xi Jinping's Economic Optimism Fuels 1% Surge in Oil Prices

Crude oil prices rose by more than 1% in early 2025 following China's President Xi Jinping's positive economic outlook, predicting a 5% GDP growth for 2024 and plans for proactive ...

Surge in Oil Prices: A 1% Increase Driven by Shrinking US Inventories

Crude oil prices increased by over 1% following the EIA's report of a 4.2 million barrel decrease in US commercial crude oil inventories. The Baker Hughes rig count remained stable...

Middle East Tensions Escalate: Oil Prices Surge 1% Amid Rising Geopolitical Risks

Oil prices surged 1% as Middle East tensions escalated, with Yemen's Houthis claiming a missile attack on Tel Aviv and Israel's Defense Minister threatening retaliation. Brent and ...

US Oil Inventories Drop Sparks WTI Surge: What's Next for Oil Prices?

Oil futures prices surged on Wednesday following a reported 0.9 million barrel decrease in US oil inventories, sparking supply concerns and driving WTI and Brent prices higher.

2025 Oil Demand Surge Sparks 1% Price Rise

Crude oil prices rose as the IEA revised its global oil demand growth forecast, projecting a significant uptick in 2025. WTI and Brent crude saw increases of 1.16% and 1.10% respec...

Global Oil Demand Concerns Send Prices Plummeting Over 1%

Crude oil prices fell on Thursday after OPEC cut its global demand outlook for the next year, with the IEA also lowering its demand growth forecast for this year.

Oil Prices Surge Amid Middle East Political Turmoil

Oil futures prices increased as investors evaluated the consequences of political changes in Syria and regional reactions. WTI and Brent prices rose by 1.09% and 1.05% respectively...

EIA Lowers 2025 Oil Price Forecasts: What's Driving the Change?

The EIA has lowered its 2025 forecasts for Brent and WTI oil prices, citing potential inventory buildup. Brent is now expected to average $73.58 per barrel, and WTI $69.12 per barr...

Oil Prices Surge as OPEC+ Meeting Looms and Middle East Tensions Escalate

Oil prices continued to increase on Tuesday ahead of the OPEC+ meeting on December 5. The group is expected to defer its scheduled increase in oil production. Geopolitical tensions...