Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 30 results for "West Texas Intermediate"

Oil's not so slick

BENJAMIN ONG  |  TUESDAY, 20 JUN 2017
... day before OPEC announced the output cut extension before resuming its downtrend, taking the price of West Texas Intermediate oil down by 14.5% (from 24 May) and Brent 12.0% lower. The problem is that OPEC's reduced production is being undermined by ...

Damned if they do, damned if they don't

BENJAMIN ONG  |  MONDAY, 3 APR 2017
... year and up 111.3% from the 2016 low of US$26.01/barrel recorded in January 2016. Similarly, the price of West Texas Intermediate (WTI) surged to US$53.75/barrel at the close of last year's trading - up 44.8% for the year and 105.2% from the US$26.19/barrel ...

It's "whatever it takes" time again

BENJAMIN ONG  |  FRIDAY, 22 JAN 2016
... "disappointing" stimulus measures on the 3rd of December. Last night, Brent closed at US$29.73/barrel and the West Texas Intermediate ended at US$29.53 - and expected to move even lower. Another "de"-flation risk is the ominous indication from fresh ...

Market wrap

AAP  |  THURSDAY, 2 APR 2015
... production and a deadly explosion and fire on an oil platform in the Gulf of Mexico. The US benchmark, West Texas Intermediate for May delivery, surged $US2.49 to close at $US50.09 a barrel on the New York Mercantile Exchange, snapping a three-day losing ...

Market wrap

AAP  |  FRIDAY, 27 FEB 2015
... Mr Le Brun said the energy sector was also pulling back after world oil prices fell sharply overnight. West Texas Intermediate for April dived $2.82 to close Thursday at $48.17 a barrel. Woodside Petroleum was down 21 cents to $34.69, Oil Search fell ...

Auld lang syne

BENJAMIN ONG  |  MONDAY, 12 JAN 2015
... true for oil - that good news being spun as bad news. It doesn't matter what measure you track (Brent or West Texas Intermediate), the price of crude oil has nearly halved last year. And less than two weeks on since the start of 2015, Brent's by another ...

Market Wrap AM

AAP  |  TUESDAY, 9 DEC 2014
... January rebounded to $US66.38 per barrel, which was still down $US2.69 from Friday's close. US benchmark West Texas Intermediate (WTI) for January shed $US2.33 on the New York Mercantile Exchange to $US65.51. It had earlier in the day hit its lowest ...

Market Wrap AM

AAP  |  MONDAY, 1 DEC 2014
... sank early on Friday to $US71.12 per barrel - hitting the lowest level since July 7, 2010. US benchmark West Texas Intermediate for January meanwhile had slumped to a four-year trough at $US67.75. The euro the euro slid to $US1.2436 from $US1.2467 late ...

Market Wrap AM

AAP  |  WEDNESDAY, 5 NOV 2014
... $US82.08 before recovering slightly to stand at $US82.41 per barrel in late London deals. US benchmark West Texas Intermediate hit a three-year trough at $US75.84 and later stood at $US76.22 a barrel. HONG KONG - Asian markets were mixed following a ...

Wall Street slips on oil slick

BENJAMIN ONG  |  FRIDAY, 13 JUN 2014
... the third. Just in from Bloomberg, "Obama Won't Rule Out Airstrikes to Aid Iraq's Army". Oil spikes! "West Texas Intermediate and Brent crudes surged to eight-month highs as violence escalated across northern and central Iraq, increasing the prospect ...