NYMEX

2023-11-21 14:25:49
#WTI #oil #price #falls #close #profittaking #drags #market

WTI crude futures fell more than 1%, breaking below $87 today. while investors sell to make profits After the price rose significantly earlier

At 9:23 p.m. Thai time, the West Texas Crude Oil Contract (WTI) will be delivered in November. which was traded on the NYMEX market, down 0.89 dollars or 1.01% to 86.80 dollars/barrel.

WTI oil prices surged nearly 6% on Friday amid concerns that The war in the Middle East may spread. after Iran warned that it would join the war If Israel launches a ground attack on Gaza

Mr. Antony Blinken, Secretary of State of the United States He met with Arab leaders to discuss the conflict between Israel and Hamas. and efforts to provide humanitarian assistance to the people of Gaza.

Mr. Blinken is scheduled to travel to Israel again today. It is his second visit since Hamas attacked Israel on Oct. 7.

The United States is also reportedly secretly negotiating with Iran and has warned Iran not to intervene in the conflict situation between Israel and Hamas. This will make the conflict more severe.

Investors will be keeping an eye on the American Petroleum Institute (API) crude oil stock release tomorrow. This is before the US Energy Information Administration (EIA) releases the data on Wednesday.

2023-10-16 14:44:39
#WTI #oil #price #falls #slips #profittaking #drags #market

WTI crude oil futures rose more than 1%, breaking through the $84 level as investors sent speculative buying into the market. After the price plummeted heavily earlier

At 9:39 p.m. Thai time, the West Texas Crude Oil Contract (WTI) will be delivered in November. which was traded on the NYMEX market, added $1.11 or 1.33% to $84.60/barrel.

In addition, oil prices were supported by the International Energy Agency (IEA) increasing its forecast for oil demand this year to 2.3 million barrels per day. from the original forecast of 2.2 million barrels/day.

Investors will be keeping an eye on today’s U.S. Energy Information Administration (EIA) crude oil stocks release after the American Petroleum Institute (API) said crude stocks rose 12.9 million barrels last week. while analysts expected an increase of only 500,000 barrels.

2023-10-12 15:02:45
#WTI #oil #price #surges #breaking #speculative #buying #drives #market

WTI Crude Oil Continues Rebound Recently broke the level of $ 87 amid concerns about tight oil conditions.

At 11:01 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in October. Which traded on the NYMEX plus $ 0.39, or 0.45%, to $ 87.08 / barrel.

WTI oil prices closed higher yesterday to a 10-month high on news Saudi Arabia and Russia announced an extension of voluntary oil supply cuts until the end of 2023.

Saudi Arabia announced a voluntary cut in oil production by 1 million barrels per day until the end of the year. While Russia has extended the cut in oil exports to 300,000 barrels per day until the end of the year as well.

Investors are keeping an eye on the American Petroleum Institute (API) crude stocks release today, ahead of the US Energy Information Administration (EIA) release tomorrow.

2023-09-06 16:09:05
#price #WTI #oil #surging

WTI crude futures rose above $83, supported by speculative orders. after the price fell yesterday

At 7:07 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in September. Which traded on the NYMEX plus $ 0.32, or 0.39%, to $ 83.14 / barrel.

WTI oil prices plummeted nearly 2% yesterday amid concerns about a slowdown in China’s economy. which is the world’s largest oil importer

However, oil prices are still supported by the tight oil situation in the market.

The Saudi Cabinet issued a statement supporting the measures of the Petroleum Exporting Countries (OPEC) and its allies. or OPEC Plus in stabilizing the oil market

OPEC+’s Joint Ministerial Review Committee (JMMC) held a videoconference meeting last week. The meeting decided to maintain the production policy of OPEC Plus as agreed in June.

The decision at the JMMC meeting resulted in OPEC Plus reducing total output by 3.66 million barrels per day until the end of 2024.

In addition, Saudi Arabia and Russia announced cuts in oil supply in the market. Saudi Arabia has extended its voluntary cut of 1 million barrels per day of oil production until the end of September. While Russia will cut oil exports by 300,000 barrels per day in September.

2023-08-11 12:19:52
#WTI #oil #rebounds #speculative #buy #boost #market

WTI Crude Oil Continues to Fall Recently dropped to $ 83, while investors took profits. after the previous price increase

At 1:25 a.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in September. which traded on the NYMEX, minus $ 1.52, or 1.18%, to $ 82.89 / barrel.

WTI oil prices rose earlier. Amid concerns about oil tightness

The Saudi Cabinet issued a statement supporting the measures of the Petroleum Exporting Countries (OPEC) and its allies. or OPEC Plus in stabilizing the oil market

OPEC+’s Joint Ministerial Review Committee (JMMC) held a videoconference meeting last week. The meeting decided to maintain the production policy of OPEC Plus as agreed in June.

The decision at the JMMC meeting resulted in OPEC Plus reducing total output by 3.66 million barrels per day until the end of 2024.

In addition, Saudi Arabia and Russia announced cuts in oil supply in the market. Saudi Arabia has extended its voluntary cut of 1 million barrels per day of oil production until the end of September. While Russia will cut oil exports by 300,000 barrels per day in September.

2023-08-10 18:30:40
#WTI #oil #prices #continued #fall #falling