West Texas Intermediate News

Global Trade War Fears Trigger Sharp 4% Drop in Oil Prices, Market on Edge

Oil prices plummet by 4% due to escalating fears of a global trade war, with West Texas Intermediate and Brent crude both seeing significant drops. Market watchers are on high aler...

Oil Prices Drop Over 1% Amid Fears of Tariff Impact on Global Demand

Oil prices fell by over 1% due to fears that U.S. tariffs on steel and aluminum imports could reduce global demand. Economists warn of wider economic impacts, including on the ener...

Trump's Bold Move Sends Oil Prices Tumbling to December Lows

Crude oil prices have fallen to their lowest since December after President Trump announced plans to reduce oil prices, coupled with a significant increase in US crude inventories.

Global Oil Prices Tumble Over 3% Amidst Rising Trade Tensions and Tariff Wars

Oil futures have taken a significant hit, with prices dropping over 3% following the imposition of tariffs by the United States on Mexico, Canada, and China. The tariffs have led t...

US Oil Production Surge Forecasted as Prices Dip by 1% Post-Trump Inauguration

Oil prices fell by 1% as President Trump's inauguration and his promise to increase US oil and gas production led to a national energy emergency declaration, affecting futures for ...

Oil Prices Drop Amid Progress in Israel-Hamas Ceasefire Talks

Oil futures declined by 1% on Monday as Israeli Prime Minister Benjamin Netanyahu announced progress in ceasefire talks with Hamas, suggesting a potential temporary peace in the Mi...

Oil Prices Drop 1% Amidst Concerns Over China's Demand

Crude oil prices fell on Friday due to concerns over demand in China, the world's largest importer. Sinopec forecasts China's oil demand to peak by 2027.

Middle East Turmoil Sends Oil Prices Soaring Over 1%

Oil futures prices rose on Monday as traders assessed the potential consequences of opposition forces seizing power in Syria and ousting President Bashar al-Assad. West Texas Inter...

Middle East Unrest Drives Oil Prices Up Over 1%

The prices of oil futures grew on Monday as traders assessed the potential consequences of the opposition forces seizing power in Syria and outsing President Bashar al-Assad. West ...

OPEC+ Meeting: Crude Oil Prices Surge 1% Ahead of Key Decision

Crude oil futures prices rose by 1% on Tuesday as traders awaited the OPEC+ meeting scheduled for Thursday, December 5. The organization is expected to extend its production cuts u...

Oil Prices Surge Amidst Rising Demand and Geopolitical Tensions

Crude oil futures rose 1% on Monday, driven by a faster expansion in China's manufacturing sector and ongoing geopolitical tensions in the Middle East. West Texas Intermediate (WTI...