WTI Oil
WTI Crude Oil is extracted from fields located in Texas, North Dakota, and Louisiana of the United States.
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WTI hovers around $62.50, downside appears due to OECD’s revision of GDP forecasts
WTI price may struggle as the Organization for Economic Co-operation and Development has revised down forecasts of the global economy.…
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Crude Prices Higher as the Dollar Slumps and Oversupply Concerns Ease
July WTI crude oil (CLN25) Monday closed up +1.73 (+2.85%), and July RBOB gasoline (RBN25) closed up +0.0374 (+1.86%). Crude…
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Oil Surges 4% on OPEC+ Decision And Geopolitical Risk
Crude oil (OIL) is gaining nearly 4% today, as the increase in supply from OPEC+ turned out to be lower…
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WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.90 per barrel,…
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WTI climbs to near $62.00 amid renewed trade tensions
WTI price drifts higher to $61.90 in Monday’s Asian session, adding 2.70% on the day. Persistent tariff uncertainty continues to…
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OPEC+ agrees on third oil output hike, may be larger than 411,000 bpd – Reuters
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to surge oil output for the third month…
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Is Crude Oil at a Major Inflection Point?
OPEC+ meets on June 1 and the outcome could help determine whether oil prices rebound from their recent sell-off to…
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OPEC+ Considers Output Hike Above 411,000 BPD For July
OPEC+ is contemplating an increase in crude oil output for July exceeding 411,000 barrels per day (bpd), a move that…
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US-China Trade Tensions and Fears of a Big OPEC+ Production Hike Weigh on Crude
July WTI crude oil (CLN25) Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude…
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WTI drops to levels near $60.00 as global trade uncertainty returns
Oil prices gave away gains as a US court reinstated Trump’s tariffs Investors remain wary that OPEC+ countries might hike…
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