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Search ResultsShowing 1 - 10 of 68 results for "WTI"
BetaShares rejigs oil ETF...again
KANIKA SOOD  |  WEDNESDAY, 5 AUG 2020
... to all cash if oil futures drop significantly again. The BetaShares Crude Oil Index ETF (OOO) tracks an index composed of WTI crude oil future contracts, focusing on shorter-dated deliveries, and is the only such ETF exposure in Australia. OOO has had ...
Oil to make strong recovery: State Street
ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... in oil markets as more people around the world use their cars more over public transport. "Whilst West Texas Intermediate (WTI) crude oil prices turned negative last month, the oil market appears much calmer as the June contract approaches," Jones said. ...
Chief economist update: Easing restrictions narrow oil demand-supply equation
BENJAMIN ONG  |  MONDAY, 18 MAY 2020
... producers were practically paying buyers to come and take their stocks off them. This was on April 20, one day before the WTI oil futures contracts for May delivery dropped to minus US$36.98 per barrel. The price of Brent oil remained positive but still ...
Future Fund not buying the oil dip
KANIKA SOOD  |  THURSDAY, 30 APR 2020
... Australia's $162 billion sovereign wealth fund says it has no plans to buy the dip. Last Monday, immediate contracts for WTI crude fell into the negative territory. The drop prompted the US government to stockpile 75 million barrels. The Australian government ...
Aussie ETF investors got oil bets wrong before crash
KANIKA SOOD  |  THURSDAY, 23 APR 2020
... Australians last week poured $35 million in the country's only ETF tracking crude oil futures, and were stung hard when WTI May contracts slipped into negative territory in Monday's trading. BetaShares Crude Oil Index ETF (OOO) tracks an index ...
Global stocks plunge as COVID-19 fear accelerates, oil crashes
ALLY SELBY  |  TUESDAY, 10 MAR 2020
... greater market share, slashing oil prices to US$4-7 a barrel and reportedly lifting production. The US West Texas Intermediate (WTI) crude and global Brent Crude benchmark slid 24.59% and 24.1%, respectively on Monday. Currently, WTI is trading up 8% ...
Chief economist update: Coronavirus infects oil market
BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
... bull market in crude oil into a bear. Crude oil prices sank by more than 10% (the technical definition of a bear market) - WTI oil down 15.6%; Brent oil down 16.4% -- at the end of January 2020. To be sure, the oil market has turned from bull to bear ...
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 ...
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