Prices: The front-month futures price for North Sea Brent crude oil settled at $62.20 per barrel (b) on December 7, 2017, an increase of $1.71/b since November 1. Front-month futures prices for West Texas Intermediate (WTI) crude oil for delivery at Cushing, Oklahoma, increased by $2.39/b over the[…]
Oil markets are trading higher this morning after lackluster results yesterday. Crude oil yesterday saw small losses of 21 cents. Prices picked up 14 cents overnight, counteracting most of Monday’s losses, and today prices are continuing higher, with prices currently at $57.60, trading 44 cents[…]
After some mixed results yesterday, markets are trending higher today. WTI crude oil saw 34 cent (0.6%) gains yesterday, and prices are sustaining this morning, picking up another 7 cents. WTI is currently trading at $57.11, which is $6.15 higher than Brent crude oil. Recall that Brent-WTI spreads[…]
As we close the week, it looks like prices could once again close for a loss, which would be the third week of losses in a row. Over the past two weeks, prices have fallen from $58.95 all the way to $57.36 last Friday. Prices remain, however, at a higher level relative to the first ten months of[…]
Markets dropped yesterday despite a generally bullish EIA report, with crude oil shedding 85 cents (1.5%). Yesterday continued the three-day loss streak, with prices falling from $58.02 on Tuesday down to a closing price of $56.40 yesterday, a 2.9% loss. Today, prices are continuing their decline,[…]
Oil prices are on the rise this morning, with WTI crude oil up about 31 cents this morning. Crude picked up 74 cents (1.3%) yesterday amid news of a pipeline disruption in Europe. WTI crude prices are currently trading at $58.30 this morning, the highest they’ve traded since early December.
Oil markets are generally higher this morning, supported by Nigerian oil production instability. Oil prices saw large gains (71 cents, or 1.3%) on Friday thanks to threats of strikes from the Nigerian union of works. Prices are continuing their gains this morning, though so far gains have been[…]