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Oil, hurricane
Crude oil prices today: WTI is trading at $70.98
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors related to U.S. and international supply and demand conditions. For example, the Brent/WTI spread hit nearly $14/bbl in April 2011 when protests sparked market fears of significant oil supply disruptions in the Middle East.
Crude Oil Price Forecast – Crude Oil Continues to Show Signs of Life
The crude oil market continues to bounce a bit on each successive drop, as the demand for oil seems to be a factor, but the fact that the market has sold off so much could also bring in the value hunters at these low levels.
Oil prices climb on US output concerns, potential crude inventory drop
Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles. Brent crude futures for November were up 36 cents,
US seeks up to 6 million barrels of oil
In Depth
Exclusive: US to seek 6 million barrels of oil for reserve, amid low oil price
The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source familiar with issue said on Tuesday, a purchase that if completed will match its largest yet in the replenishment of the stash after a historic sale in 2022.
DOE Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve
The Department of Energy said Wednesday it is seeking bids for 6 million barrels of crude oil for delivery next year to the Strategic Petroleum Reserve. The solicitation is for 1.5 million barrels to be delivered to the Bayou Choctaw site in Louisiana each month from February through May.
U.S. reportedly to seek 6M barrels for Strategic Petroleum Reserve
Crude futures rose Tuesday as renewed tensions in the Middle East added to hopes that an interest rate cut from the Federal Reserve would support demand for oil. The oil market is bracing for the Fed's decision Wednesday on interest rates,
moneycontrol.com
1h
Crude oil volatile for OMCs to take decision on fuel price cut: Oil ministry source
Amid weakened demand and relatively higher
oil
supply in the market,
crude
oil
prices plummeted to the lowest in ...
Crude Oil Prices
3h
Saudi Arabia’s Crude Oil Exports Slumped to an 11-Month Low in July
Saudi Arabia's crude oil exports declined in July due to increased domestic consumption during the summer months, despite a ...
1d
Crude Oil Price Forecast: Rallies but Faces Resistance Near Key Levels
After reaching a high of 72.05, crude oil is testing resistance. A further rally could face challenges near 72.4 to 73.74, ...
4h
Global oil prices still volatile, OMCs to wait more before reverting to routine fuel price revisions
India is the world’s third-largest consumer of crude oil and depends on imports to meet over 85 per cent of its requirement.
ig.com
8d
Brent crude oil price plunges to November 2021 lows on demand worries
Brent crude oil price plunges to November 2021 lows on demand worries but supply concerns due to a hurricane hitting the US ...
13d
Saudis Cut October Crude Oil Price to Asia as Demand Wanes
Saudi Arabia cut pricing of its flagship crude grade for its main market in Asia next month as concerns mount over waning ...
Crude Oil Prices
1d
Asian Markets Are Backbone of Success for Canada’s New Oil Pipeline
The expanded Trans Mountain pipeline (TMX) has significantly boosted Canadian crude oil exports to Asia. Since its launch, ...
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