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Showing 1 - 10 of 33 results for "West Texas"

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
... explained. "We also saw a bit of a rebound in oil prices." He explained, following yesterday's 5.2% drop in the West Texas Intermediate (US NYMEX) crude oil price which saw oil drop to a 15-month low, there was some relief. "Earlier in the US session ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... There's a bigger factor at play, he said. "Which is the fact that crude oil price fell by 5.2%, the US NYMEX or the West Texas Intermediate price was down 5.2% overnight to a 15-month low," Felsman explained. He said this is due to concerns around ...

Oil to make strong recovery: State Street

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... stronger rebound 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," ...

The domino effect: Oil falls, markets follow

ALLY SELBY  |  TUESDAY, 21 APR 2020
... investors have endured during the COVID-19 crisis, the US oil price crash overnight may just be the worst. The price of West Texas Intermediate crude oil for May plunged more than 190% during trade on Monday, hitting its lowest levels in history (-US$37.63 ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... price war for 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 ...

Chief economist update: Oil to slide into 2020

BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
... Note that the IMF's oil price forecast is based on the "simple average of prices of UK Brent, Dubai Fateh, 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 ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
... translates into less demand for oil. Note that this is based on the "simple average of prices of UK Brent, Dubai Fateh, 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 ...

Chief economist update: Oil slick

BENJAMIN ONG  |  WEDNESDAY, 7 NOV 2018
... course, the 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 ...

Chief economist update: When good oil goes bad

BENJAMIN ONG  |  THURSDAY, 10 MAY 2018
... synchronised global growth upswing of 2017. Now oil prices have turned on its head. Crude oil's on the rise. The price of the West Texas Intermediate (WTI) oil has risen by 17.6% to US$71.08/barrel this year to date and by 171.9% since the US$26.14/barrel ...

Good oil, bad oil

BENJAMIN ONG  |  FRIDAY, 23 JUN 2017
Houston, do we have a problem? Oil has. It's back in a bear market - 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 ...
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