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Showing 11 - 20 of 41 results for "WTI oil"

Chief economist update: Plenty of oil

BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
... end of September, calmed fears of continued elevated oil prices. Crude oil prices dropped after these pronouncements - WTI oil fell by 6% and Brent oil dropped by 6.7%. But even if they weren't made, the truism that higher oil prices cure higher ...

Chief economist update: Oil market slides from bull to bear

BENJAMIN ONG  |  FRIDAY, 7 JUN 2019
... Escalation of trade tensions, fears of a US recession and increased oil supply concerns sent crude oil into a bear market. WTI oil has fallen by 22.2% to US$51.57/barrel from its April peak of US$66.24. Brent oil has slipped by 19.2% (not quite satisfying ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
... forecast. Yet the strong uptrend in crude oil prices since the start of 2019 - Brent oil is up 40.2% to US$70.90 per barrel; WTI oil is up 40.9% to US$63.61 - may render the IMF's prediction incorrect. This is because although global oil demand has ...

Chief economist update: Cheaper oil greases wheels of growth

BENJAMIN ONG  |  MONDAY, 12 NOV 2018
... countries importing oil from Iran. But as the saying goes, what goes up must come down. Oil is now in a bear market - WTI oil is down 21.2% from its nearest high (US$76.40/barrel on 3 October) to US$60.19/barrel and Brent oil is heading in the same direction ...

Chief economist update: Oil slick

BENJAMIN ONG  |  WEDNESDAY, 7 NOV 2018
... also sanction countries importing oil from Iran. This sent prices even higher - Brent oil rose to over US$80/barrel and WTI oil topped the US$70/barrel mark. Prices continued to rise to as high as US$86.07 (Brent) and US$76.40 (WTI) in early October ...

OPEC is not to blame

BENJAMIN ONG  |  TUESDAY, 25 SEP 2018
... September 23. The decision sent oil prices soaring - Brent oil surged by 3.2% to a four-year high of US$81.27 a barrel; WTI oil jumped by 1.9% to US$72.10 per barrel from their previous day's closing prices. This year to date, Brent oil prices have ...

Chief economist update: Crude oil slips

BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
... at wanting the price of crude to reach around US$80/barrel - Brent oil was trading below US$70/barrel at the time and WTI oil below US$65/barrel. This, along with Saudi Energy Minister Khalid al-Falih's statement that OPEC would rather have a tighter ...

Chief economist update: When good oil goes bad

BENJAMIN ONG  |  THURSDAY, 10 MAY 2018
... to 3 million bpd - the production level before sanctions were imposed - sending oil prices down to fresh 12-year lows - WTI oil down 1.8% to US$29.42/barrel and Brent oil down 1.9% to US$28.94/barrel. Despite my (and to name drop, 'The Economist' magazine ...

Chief economist update: Let's talk about oil baby

BENJAMIN ONG  |  WEDNESDAY, 11 APR 2018
... cuts prematurely extended the increase in oil prices. The price of crude oil has continued to climb this year to date - WTI oil has risen by 8.3% so far this year (following a 12.5% increase in 2017) and Brent oil's up 6.4% (after jumping by 21.4% last ...

Oil's gift to central bankers

BENJAMIN ONG  |  TUESDAY, 7 NOV 2017
... to send oil prices to two year highs. The price of Brent oil surged by 3.5% to US$64.27 a barrel on the day and that of WTI oil gained 2.9% to US$57.26 - prices not seen since June 2015. The news in the Kingdom is still developing and the latest oil ...