WTI down by almost 2% as M. East truce continues - Breaking The News

WTI down by almost 2% as M. East truce continues

27 November

1 min read

EPA-EFE/NIELS CHRISTIAN VILMANN

The prices of oil futures continued to move in a downward trend on Monday as the ceasefire between Israel and Hamas carried on with more hostages released in the meantime, providing more frail stability for the region.

West Texas Intermediate (WTI) for January's settlements dropped by 1.92% at 6:02 am ET to sell for $74.08 per barrel. At that minute, Brent for the same month's deliveries fell by 1.77% to go for $79.14 per barrel.

oil

Related Stocks

Brent Crude (ICE)

F WBS

Baker Hughes: US oil rig count down by 9 to 480

a day ago

The number of oil rigs in the United States stood at 480 in the week ending April 11, decreasing by nine from the week prior, according to the Baker Hughes weekly rig count released on Friday. On an annual basis, the number of oil rigs fell by 26.The US gas rig count increased by one to 97 during the same week, while it dropped by 12 compared to last year. The total number of rigs in the country currently stands at 583, decreasing by seven from last week and...

Oil plunges 5% on levy-fueled demand woes

10 April

Oil futures prices dropped further on Thursday as investors remained cautious about trading while the trade dispute between United States President Donald Trump and China, the largest oil consumer globally, continued to intensify.Also, China's 84% reciprocal tariffs on American goods became effective, sparking worries about reduced demand. Moreover, Chinese authorities criticized the US government for wielding tariffs "as a weapon" following Trump's decision to...

Oil dips 3% as US-China trade war escalates

10 April

Crude oil prices continued to lose ground on Thursday, with West Texas Intermediate plummeting over 3%.Investors' optimism vanished after Chinese retaliatory tariffs on US imports entered into force, raising concerns about likely weaker demand. Additionally, Chinese officials accused the US administration of using tariffs "as a weapon" after President Donald Trump decided to hike duties on products from China to 125%.WTI for deliveries in May...

Oil down 1% as Chinese tariffs come into force

10 April

Crude oil prices fell by more than 1% on Thursday after China's retaliatory tariffs on goods from the United States took effect, bringing the possibility of a drop in demand. Meanwhile, US President Donald Trump maintained tariffs against China while pausing most levies on the rest of the world for 90 days. West Texas Intermediate (WTI) for deliveries in May lost 1.23% at 3:34 am ET, going for $61.56 per barrel, while Brent for settlements in June declined by 1.30%...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.