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Showing 1 - 10 of 41 results for "WTI oil"

Chief economist: Is this a buy op?

BENJAMIN ONG  |  FRIDAY, 25 FEB 2022
... price of crude oil has shot up on the back of the Russian adventure. Brent oil US$104.99 per barrel - up 8.42% on the day; WTI oil reached US$100 before falling back to US$99.52 - up 8.06%. Being a major commodity producer, Australia will benefit from ...

Chief economist update: A delicate balancing act

BENJAMIN ONG  |  FRIDAY, 4 JUN 2021
... 2021) and 3.7% (for 2022) predicted in its December 2020 report. The price of Brent oil rallied to US$71.20/barrel and WTI oil soared to US$68.83 a barrel. This year to date, the price of Brent oil has surged by 41.4 and that of the WTI has risen by ...

Chief economist update: Oil gush

BENJAMIN ONG  |  THURSDAY, 4 FEB 2021
Crude oil prices jumped to one-year highs - WTI oil to US$58.46 per barrel; Brent oil to US$55.73 - this early in the New Year. Well, they have to bounce some time especially given the battering it received in 2020 as the covid-19 pandemic grounded ...

Chief economist update: Oil could slip on fresh lockdowns

BENJAMIN ONG  |  THURSDAY, 12 NOV 2020
... in the world economies, financial markets and commodity markets, including oil. Oil prices jumped to two-month highs - WTI oil to US$41.36 per barrel; Brent oil to US$43.61 - following reports of encouraging COVID-19 vaccine test results developed by ...

Chief economist update: The second oil price discounting wave

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2020
... world, especially in China, in the second quarter of this year, and the OPEC+ cuts in production, sent oil prices higher. WTI oil prices soared to US$42.96 per barrel in August from the record low negative US$36.98 in April. Brent oil rocketed to US$46.01 ...

Chief economist update: Second wave threatens an oil spill

BENJAMIN ONG  |  FRIDAY, 14 AUG 2020
... re-opening of many businesses in an increasing number of countries around the world prompted a reversal in crude oil prices. WTI oil prices soared by 37.0% to an average price of US$38.21 per barrel in the June quarter from US$27.96/barrel in the first ...

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 ...

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
... 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 and ...

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 Iraq. ...

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 ...
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