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Showing 51 - 60 of 80 results for %22WTI%22

Oil price shock, nice

BENJAMIN ONG  |  TUESDAY, 13 JAN 2015
... this was exactly what I read this morning as the price of crude plunged again in overnight trade. The per barrel price of WTI oil declined by 5.3% to US$45.80 and that of Brent closed 5.8% lower to US$47.20. This is bad, according to Marketfield Asset ...

Auld lang syne

BENJAMIN ONG  |  MONDAY, 12 JAN 2015
... nearly halved last year. And less than two weeks on since the start of 2015, Brent's by another 9.6% to US$51.84 a barrel and WTI's down 9.2% to US$48.36 a barrel. US$30 per barrel here we come... or US$20... or even lower. Oil prices have traded below ...

Santa's bargains

BENJAMIN ONG  |  MONDAY, 15 DEC 2014
... economies and transmit this weakness other economies and markets, etcetera, etcetera... etcetera. We're doomed! Brent and WTI oil prices fell further at the end of last week's trading - Brent down US$61.85 a barrel and WTI down to US$57.81 (off 44.6% ...

The Grinch is stealing Christmas

BENJAMIN ONG  |  TUESDAY, 9 DEC 2014
... financial markets. Oil's doing the limbo (how low can you go?). Brent oil dropped by 4.2% to a five-year low of US$66.14 a barrel; WTI oil's down 4.3% to US$63.04 per barrel, also a five-year low. Prices could slide even lower for on top of excess crude ...

Market Wrap AM

AAP  |  TUESDAY, 9 DEC 2014
... 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 point since ...

Slides can be fun too

BENJAMIN ONG  |  TUESDAY, 2 DEC 2014
Brent oil up 4.0% to US$72.94 a barrel; WTI oil up 4.9% to US$69.36 a barrel. Is this it? Have we reached bottom oil? Is this the sliding slippery stuff's equilibrium price? Or just a dead feline bounce? As Bob Dylan would sing to you, "the answer my ...

From oil at US$300 to oil at US$30

BENJAMIN ONG  |  MONDAY, 1 DEC 2014
... consciousness. Brent oil prices peaked at US$115.06 a barrel on 23 June. They've sank by 35.3% to US$74.40 as at last Friday's close. WTI oil prices peaked at US$106.83 per barrel on 20 June. They've dropped by 38.1% as at last Friday's close. I googled ...

Sliding oil price would stop the slide in the oil price

BENJAMIN ONG  |  FRIDAY, 28 NOV 2014
... 30.0 mb/d, as was agreed in December 2011". And with this, the slide in oil prices became slipperier. Brent dropped 6.7% and WTI slid by 6.3% overnight, taking their 2014 year-to-date losses to 35% and 31%, respectively. Some OPEC cartelists were disappointed ...

Why the eurozone cannot afford cheap oil

BENJAMIN ONG  |  WEDNESDAY, 5 NOV 2014
... the commodity. That was on 15 October when Brent oil prices plummeted 22.3% to US$86.66 a barrel from their 2014 open and WTI oil dropped 16.4% to US$82.25 per barrel. Last night, oil slid some more - Brent's down to US$82.70 and WTI's trading at US$77.16 ...

The good oil

BENJAMIN ONG  |  WEDNESDAY, 15 OCT 2014
... you're tracking oil prices are down - big time. Brent oil prices are down by 22.3% to US$86.66 a barrel this year to date. WTI oil is down 16.4% to US$82.25 per barrel. According to the IEA, this is due to abundant supply, slowing demand growth and a ...