Search ResultsShowing 1 - 10 of 61 results for "WTI"
Chief economist update: The rise and fall of oil
BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... -- the head of Iran's elite Quds military force. The price of Brent oil went up by 3.6% to US$68.60/barrel on the day; WTI oil prices increased by 3.1% to US$63.05; and continued to rise after Iran launched ballistic missiles against US forces in ...
Chief economist update: Oil's well that ends 2019 well
BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
It may not seem like it, but crude oil prices appear on track to finish 2019 around 30% higher. This year to date, WTI oil has risen by 33.4% to US$60.21 per barrel while the price of Brent oil has rallied by 29.2%. To be sure, new production cuts that ...
Chief economist update: Oil to slide into 2020
BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
... and West Texas Intermediate crude oil". I don't have data for Dubai Fateh but this year to date, the average price of WTI and Brent oil is US$60.50 - still within the realms of the IMF forecast - suggesting that the deepening slowdown in global oil ...
Chief economist update: Plenty of oil
BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
... on September 14 on Saudi Arabia's Abqaiq oil-processing plant (estimated to produce around 5% of global oil supply). WTI and Brent crude oil prices jumped by 14.6%, to US$62.88 per barrel and US$69.03/barrel, on the first day of trading after the ...
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
... and West Texas Intermediate crude oil." I don't have data for Dubai Fateh but this year to date, the average price of WTI and Brent oil is US$59.94 - still within the realms of the IMF forecast. Yet the strong uptrend in crude oil prices since the ...
Chief economist update: Cheaper oil greases wheels of growth
BENJAMIN ONG  |  MONDAY, 12 NOV 2018
... sanction 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 ...
Chief economist update: Oil slick
BENJAMIN ONG  |  WEDNESDAY, 7 NOV 2018
... synchronised global growth momentum that was still in play in the earlier months of this year. The price of West Texas Intermediate (WTI) has jumped US$66.81 per barrel while that of Brent oil gained US$72.05 per barrel - above the psychological level ...
OPEC is not to blame
BENJAMIN ONG  |  TUESDAY, 25 SEP 2018
... on 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 ...
Chief economist update: Crude oil slips
BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
... hinted 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 ...
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