Crude Oil Price

WTI pierces $41.00 amid risk-on sentiment, API stocks eyed - FXStreetWTI pierces $41.00 amid risk-on sentiment, API stocks eyed - FXStreetHess Stock Is An Energy Sector Outlier - ForbesHow Much Did W&T Offshore’s(NYSE:WTI) Shareholders Earn From Share Price Movements Over The Last Year? - Simply Wall StWTI pierces $41.00 amid risk-on sentiment, API stocks eyed - FXStreetPosted: 21 Jul 2020 12:00 AM PDT WTI carries the previous day's recovery moves, from $40.00, to pierce $41.00.Markets sentiment stay positive after European leaders agreed to a fiscal package, stimulus from the US, Australia eyed.EIA expects oil demand to return to pre-virus levels in 2021.API inventories slumped -8.322M during the previous week.WTI picks up bids near $41.00, up 0.45% on a day ahead of the European session open on Tuesday. In doing so, the quote extends Monday's gains as global markets remain risk-friendly and the US dollar refreshes multi-day low. Though, the bulls are waiting for the weekl…

Crude Oil Prices and Prices at the Pump - The National Law ReviewCrude Oil Prices and Prices at the Pump - The National Law ReviewPosted: 08 Apr 2020 12:00 AM PDT Wednesday, April 8, 2020 This morning, I noticed that the price of gasoline at the pump was $1.77 per gallon.  To put that in perspective, when I first started driving, I remember the price being around $2.02 per gallon…How does the price of crude oil correlate to the price of gasoline at the pump?Good question!  As of the publication of this blog, according to Bloomberg Energy, the price of WTI Crude is $26.10 per barrel and Brent Crude is $33.63 per barrel.  There is clearly a correlation between the price at the pump and the price of a barrel of crude oil.Crude oil is the main component making up gasoline, so the price of a barrel of crude oil truly does account for a substantial part of the price of gasoline. However, in addition to refinery costs, etc., there are other factors that come into play when looking at the price…

NEW DELHI: There was a sea of green in the commodities market bullion, base metals and bullion futures rose in tandem as central banks backed the falling economy. Gold rose 0.85 per cent while silver gained 1.72 per cent. Base metal counters climbed up to a per cent. Meanwhile, crude oil added 0.43 per cent and its peer natural gas was down 0.51 per cent.NCDEX Agridex, an agricultural futures index that tracks the performance of the ten liquid commodities, was up 0.09 per cent or 0.95 point at 1,061.95 led by gains in guar gum and guar seed.Here is how SMC Global expects commodities to fare today:

Bullion: Bullion counters may extend the rally where gold may test Rs 53,300 and take support near Rs 52,080 while silver may test Rs 65,800 and take support near Rs 61,200.Base metals: Base metals may trade sideways with a bearish bias. Copper can move towards Rs 502 and face resistance near Rs 510. Zinc may move towards Rs 184 and take support near Rs 178. Lead can move towards Rs 152 whil…

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher on Friday after a steep fall the previous session changed the main trend to down on the daily chart. Nonetheless, the markets were able to bounce back throughout the session, finishing just under four-month highs.Despite the late volatility, the markets remain on track to post solid monthly gains, mostly benefiting from a weaker U.S. Dollar which continued to be hit by concerns over the recovery of the U.S. economy as the coronavirus ravages economic output. A falling dollar tends to increase foreign demand for dollar denominated crude oil. At 12:59 GMT, September WTI crude oil is trading $40.37, up $0.45 or +1.13% and December Brent crude oil is at $44.12, up $0.18 or +0.41%.The price action toward the end of the week clearly shows that investors are becoming more concerned about demand.Oil Set for Fragile Recovery as Economies Limp Towards Normal:  Reuters PollA Reuters poll released on…

NEW DELHI: There was a sea of green in the commodities market bullion, base metals and bullion futures rose in tandem as central banks backed the falling economy. Gold rose 0.85 per cent while silver gained 1.72 per cent. Base metal counters climbed up to a per cent. Meanwhile, crude oil added 0.43 per cent and its peer natural gas was down 0.51 per cent.NCDEX Agridex, an agricultural futures index that tracks the performance of the ten liquid commodities, was up 0.09 per cent or 0.95 point at 1,061.95 led by gains in guar gum and guar seed.Here is how SMC Global expects commodities to fare today:

Bullion: Bullion counters may extend the rally where gold may test Rs 53,300 and take support near Rs 52,080 while silver may test Rs 65,800 and take support near Rs 61,200.Base metals: Base metals may trade sideways with a bearish bias. Copper can move towards Rs 502 and face resistance near Rs 510. Zinc may move towards Rs 184 and take support near Rs 178. Lead can move towards Rs 152 whil…

LONDON: Oil prices rose on Friday and were on track for monthly gains, boosted by a weaker dollar in the face of continuing concerns over the recovery of the U.S. economy as the coronavirus ravages the world's biggest economy and oil consumer. Brent crude was up 31 cents, or 0.7%, at $43.25 a barrel by 0831 GMT. On Thursday, Brent closed 1.9% down after touching its lowest since July 10.U.S. crude gained 26 cents, or 0.6%, to $40.18 after dropping 3.3% in the previous session, also off lows not seen since July 10.Brent is on track for a fourth month of gains and U.S. crude is heading for a third as both rise from depths hit in April, when much of the world was in lockdown.The dollar extended its dramatic fall on Friday and was on course for its biggest monthly drop in a decade after news on Thursday that U.S. gross domestic product collapsed at a 32.9% annualised rate - the steepest decline in output since records began in 1947.Investors typically use dollar-denominated commoditi…

Trump Vows To Revive U.S. Oil Industry - OilPrice.comTrump Vows To Revive U.S. Oil Industry - OilPrice.comPosted: 30 Jul 2020 07:00 AM PDT U.S. President Donald Trump touted America's energy independence and vowed that the oil industry will never again be reliant on hostile foreign suppliers in a speech in Midland, Texas."We're also here to send a clear message to the zealots, radicals, and extremists trying to shut down your industry and to make America subservient to foreign producers. That won't happen to this nation again," President Trump said in the speech that was part campaign speech and part an attempt at a morale boost to the Permian basin producers and workers who have seen the worst of the oil price and demand crash in recent months."We will never again be reliant on hostile foreign suppliers. We will defend your jobs, and we will defend the Lone Star State," President Trump said, announcing some immediate actions to boost American energy.One…

WTI Crude OilThe West Texas Intermediate Crude Oil market has sold off a bit during the trading session to break down below the $39 level. Ultimately, this is a market that had desperately been looking for some type of momentum, and it looks as if it may finally have found it. It is to the downside but there is also the 50 day EMA underneath that should continue to offer support as well. With that in mind, I fully anticipate that we will probably see some type of support, but if we were to break down below the 50 day EMA we will more than likely approach the $35 level eventually. Crude Oil Video 31.07.20[embedded content]BrentBrent markets were of course behaving the same way, breaking down significantly as well. Ultimately, this is a market that has been stuck in a range and even though we have seen a lot of momentum during the day shift to the downside, I think it is only a matter of time before recover again. Looking at the chart, the 50 day EMA seems to be offering a little bit of …

Crude oil futures rise on spot demand - Outlook IndiaCrude oil futures rise on spot demand - Outlook IndiaSaudi Arabia may cut September crude oil prices to Asia: survey - ReutersOil drops more than 1% as rising Covid-19 cases spark demand fears - CNBCCommodity outlook: Crude oil gains; here's how others may fare - Economic TimesCrude oil futures rise on spot demand - Outlook IndiaPosted: 31 Jul 2020 01:41 AM PDT New Delhi, Jul 31 (PTI) Crude oil prices on Friday rose by Rs 28 to Rs 3,020 per barrel as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for delivery in August traded higher by Rs 28, or 0.94 per cent, at Rs 3,020 per barrel in 4,009 lots.Analysts said raising of bets by participants kept crude prices higher in futures trade here.Globally, West Texas Intermediate crude oil rose 1.13 per cent to USD 40.37 per barrel, while Brent Crude was trading up by 1.02 per cent at USD 43.38 per barrel in New York. PTI SHW RUJ…

Spencer Platt/Getty ImagesOil futures sank on Thursday as dire economic data releases pointed to a demand recovery lasting longer than expected.West Texas Intermediate crude fell as much as 6.3%, to $38.72 per barrel. Brent crude slid 5.4%, to $41.38, at intraday lows.Thursday reports showed US GDP sliding the most on record and jobless claims notching a second-straight week of increases.Vopak, the world's largest independent oil storage company, warned in a Wednesday earnings call the market's demand recovery will likely take at least the rest of 2020.Watch WTI crude trade live here.Watch Brent crude trade live here.Oil futures plummeted on Thursday amid revived fears of a long-term demand shock.West Texas Intermediate crude slid as much as 6.3%, to $38.72 per barrel. International standard Brent crude tumbled 5.4%, to $41.38, to its intraday low as of 11:05 a.m. ET. Both reached their lowest point since late June.The world's most-traded commodity stabilized near $40 per …

USD/CAD Video 30.07.20.U.S. Dollar Tries To Develop Upside MomentumUSD/CAD returned back above 1.3400 as WTI oil dipped below the $40 level and put pressure on commodity-related currencies.The U.S. dollar is mostly flat against a broad basket of currencies, and the U.S. Dollar Index has settled below 93.5 in a rather volatile trading session.The recent U.S. Initial Jobless Claims report indicated that 1.43 million Americans filed for unemployment benefits in a week, mostly in line with the analyst consensus of 1.45 million.The Continuing Jobless Claims report brought a negative surprise as it showed that Continuing Jobless Claims increased from 16.2 million to 17 million.This increase indicates that the U.S. job market has likely taken another blow from the continued spread of the virus.Second-quarter U.S. GDP report was horrific as GDP declined by 32.9%. However, the market was ready to hear the bad news since analysts expected a decline of 34.1%.It remains to be seen whether the rec…

GLOBAL MARKETS-European shares rebound, euro set for best month in a decade - NasdaqGLOBAL MARKETS-European shares rebound, euro set for best month in a decade - NasdaqPosted: 31 Jul 2020 01:26 AM PDT[unable to retrieve full-text content]GLOBAL MARKETS-European shares rebound, euro set for best month in a decadeNasdaq Oil price plunge worsens Alaska's meager budget options - Anchorage Daily NewsPosted: 09 Mar 2020 12:00 AM PDT JUNEAU — Alaska legislators watched with concern Monday as plunging oil prices and a developing price war threatened to gouge hundreds of millions of dollars from the state's revenue forecast. The state's dwindling savings accounts contain enough money to cover a short-term decline. But a long-term plunge would create a deficit so large that the state's Constitutional Budget Reserve would run out of money next year. Legislators and the governor would then be forced to irrevocably cut the Permanent Fund dividend, significantly cut services, impos…

Crude oil prices slide as virus surge weighs on demand outlook - Economic TimesCrude oil prices slide as virus surge weighs on demand outlook - Economic TimesPosted: 30 Jul 2020 03:56 AM PDT LONDON: Oil prices fell on Thursday, as surging coronavirus infections around the world threatened to jeopardise a recovery in fuel demand just as major oil producers are set to raise output.The most-active Brent crude contract for October fell 51 cents, or 1.2%, to $43.58 a barrel at 0907 GMT. The September Brent contract, which is expiring on Friday, fell 56 cents to $43.19 a barrel.U.S. West Texas Intermediate (WTI) crude futures were down 60 cents, or 1.5%, at $40.67 a barrel.Both benchmark contracts rose on Wednesday after the U.S. Energy Information Administration (EIA) reported the largest one-week fall in crude stocks since December."The recent resurgence of the coronavirus is an ominous sign that the upside is limited in the immediate future," Tamas Varga of oil brokerage PVM sai…