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Showing 21 - 30 of 41 results for "WTI oil"

Good oil, bad oil

BENJAMIN ONG  |  FRIDAY, 23 JUN 2017
... - with the price of both the West Texas Intermediate (WTI) and Brent dropping by more than 20% from this year's highs. WTI oil edged up a little to US$42.73/barrel overnight after dropping to 10-month low of US$42.51 the day before - down 21.6% from ...

Oil's not so slick

BENJAMIN ONG  |  TUESDAY, 20 JUN 2017
... retreated. The same is happening again after the May 25 extension. Crude oil traded above the psychological US$50/barrel mark - WTI oil at US$50.99; Brent oil at US$53.29 - the day before OPEC announced the output cut extension before resuming its downtrend ...

Damned if they do, damned if they don't

BENJAMIN ONG  |  MONDAY, 3 APR 2017
... crude oil has weakened in the first three months of 2017. Brent oil's down 2.7% in the year to the end of March while WTI oil's lower by 5.9% -- with both dropping below the US$50.00 psychological level roundabout the time of US president Trump's failure ...

No other way but up

BENJAMIN ONG  |  MONDAY, 13 MAR 2017
... started to reverse their upward trend. Brent oil prices have slumped by 8.8% from their 2017 highs while the price of WTI oil has fallen by 11.0%. Not surprisingly, 10-year and five-year inflation expectations - as measured by the yield difference between ...

Energy fuels US cross-border inflation

BENJAMIN ONG  |  FRIDAY, 13 JAN 2017
... to 1.8% in December from 0.1% in November - the second straight month of positive reading since July 2014. The price of WTI oil went up by 8.8% in the month of December and 44.8% over the past 12 months. Brent oil rose by 14.6% in the month and 50.1% ...

Oil's rally could slip

BENJAMIN ONG  |  MONDAY, 17 OCT 2016
... for oil investors and speculators. The price of Brent oil has risen by 41.9% since the start of this year to date while WTI oil prices gained 35.5%. Those brave souls who bought when others were fearful (at the January lows) are now rewarded with gains ...

It's "whatever it takes" time again

BENJAMIN ONG  |  FRIDAY, 22 JAN 2016
... prices moving in the right direction. Continued price gains are now at risk. Brent oil was fetching US$42 a barrel and WTI oil US$41.08 when the announced the "disappointing" stimulus measures on the 3rd of December. Last night, Brent closed at US$29.73/barrel ...

Fed's plan slips on oil

BENJAMIN ONG  |  THURSDAY, 21 JAN 2016
... global growth in general and a hard landing in China in particular and the continued slide in oil prices. As at last night, WTI oil's down 28% to US$26.55 a barrel from its 2015 closing level; Brent oil's down 25% to US$27.77 per barrel. The present ...

Drown baby, drown

BENJAMIN ONG  |  MONDAY, 18 JAN 2016
... 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. The US Energy Information Administration (EIA) forecast ...

Oil slip

BENJAMIN ONG  |  TUESDAY, 8 DEC 2015
... Exporting Countries) decision at their meeting in Vienna last Friday - the decision that sent oil prices down to 6-year lows. WTI oil dropped by 5.8% to US$37.65 per barrel and the price of Brent oil slipped by 5.3% to US$40.73 a barrel - both their ...