Archive for Tag: wti futures

WTI crude futures

Oil slips after API data shows U.S. inventory build-up

Brent Oil was trading 1.89% downat $83.11. Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world’s largest oil consumer, and as pressure mounted on OPEC to increase supply. Brent crude futures were down...

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Brent crude futures

Oil prices scale $85/bbl on back of supply deficit

Brent Oil was trading 0.79% up at  $84.76. Oil prices hit a fresh three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a switch to oil products. Brent crude futures were up 80...

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