Search ResultsShowing 1 - 10 of 25 results for "West Texas Intermediate"
Chief economist update: Oil to slide into 2020
BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
... 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 is US$60.50 - ...
Chief economist update: The bad oil
BENJAMIN ONG  |  FRIDAY, 12 APR 2019
... 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 Brent oil is US$59.94 ...
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 ...
Chief economist update: When good oil goes bad
BENJAMIN ONG  |  THURSDAY, 10 MAY 2018
... 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 low recorded in ...
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 ...
Oil's not so slick
BENJAMIN ONG  |  TUESDAY, 20 JUN 2017
... day before OPEC announced the output cut extension before resuming its downtrend, taking the price of West Texas Intermediate oil down by 14.5% (from 24 May) and Brent 12.0% lower. The problem is that OPEC's reduced production is being undermined by ...
Damned if they do, damned if they don't
BENJAMIN ONG  |  MONDAY, 3 APR 2017
... and up 111.3% from the 2016 low of US$26.01/barrel recorded in January 2016. Similarly, the price of West Texas Intermediate (WTI) surged to US$53.75/barrel at the close of last year's trading - up 44.8% for the year and 105.2% from the US$26.19/barrel ...
It's "whatever it takes" time again
BENJAMIN ONG  |  FRIDAY, 22 JAN 2016
... "disappointing" stimulus measures on the 3rd of December. Last night, Brent closed at US$29.73/barrel and the West Texas Intermediate ended at US$29.53 - and expected to move even lower. Another "de"-flation risk is the ominous indication from fresh ...
Market wrap
AAP  |  THURSDAY, 2 APR 2015
... production and a deadly explosion and fire on an oil platform in the Gulf of Mexico. The US benchmark, West Texas Intermediate for May delivery, surged $US2.49 to close at $US50.09 a barrel on the New York Mercantile Exchange, snapping a three-day losing ...
Market wrap
AAP  |  FRIDAY, 27 FEB 2015
... Mr Le Brun said the energy sector was also pulling back after world oil prices fell sharply overnight. West Texas Intermediate for April dived $2.82 to close Thursday at $48.17 a barrel. Woodside Petroleum was down 21 cents to $34.69, Oil Search fell ...
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