Hints and tips:
...Its shares are up almost sixfold since the middle of 2020, when WTI crude was at half its current level....
...WTI, the US benchmark, gained $2.16 to $121.56 a barrel....
...It also presented aggregated data from the electronic markets operated by CME Group, whose New York Mercantile Exchange lists benchmark WTI futures....
...Moody’s, another rating agency, forecast that WTI would remain close to $45 a barrel in the coming year — too low for most producers to deliver reasonable returns....
...June WTI dropped from $20.43 to $11.57 a barrel — a stunning move not easily explained by basic forces of supply and demand....
...As the leveraged ETPs multiply the oil price movement by a factor of three, this cut the value of Brent and WTI ETPs by 99 per cent....
...Analysts at UBS warned that the possibility of WTI prices returning to sub-zero levels next month could not be ruled out, however, as traders look to offload futures contracts for June delivery of crude....
...CME and ICE battle fiercely over market share in highly active oil and gas contracts such as WTI and Brent crude....
...WTI, the US marker, rose 0.8 per cent to $61.61 a barrel. Gold is another commodity that has rallied strongly this week....
...Here’s Goodbody: Cranswick provided a Q1 trading update this morning reporting a strong start to the year with c.19% LFL sales growth (25% inc. acquisitions)....
...WTI at -$40 presents a more complex problem, of course....
...“The key benchmark is still WTI-Cushing,” Mr Keavey says....
...US WTI dropped 7.1 per cent to $55.69. It too fell further in after-hours trade and briefly dipped below $55. The price of gold was unchanged at $1,200 per ounce....
...The March e-mini S&P contract rose from 2,789.75 to 2,793 before giving up gains, while the April WTI crude oil contract fell to $55.93 a barrel from above $56....
...So heavy Maya crude, which traditionally sold at a discount to WTI, has been trading at a premium....
S&P 500 sheds early advance while gold leaps and WTI oil tops $65
...WTI settled 0.04 per cent or 2 cents higher at $49.91 a barrel on the New York Mercantile Exchange — its highest level since July 31....
...Brent crude is up 0.7 per cent at $63.57 a barrel and WTI, the US benchmark, is 0.4 per cent higher at $57.54 a barrel....
...Nymex June WTI rose modestly Friday to end at $46.22 a barrel, but ended the week down 6.3 per cent....
...Meanwhile, oil clocked its biggest weekly drop since early March with Friday's sell-off taking WTI, the US crude benchmark, below $50 a barrel, while Brent briefly slid below $52 a barrel....
...Meanwhile, WTI settled 1.6% higher at $53.08. Oil prices were lifted on concerns about the potential for supply disruptions in the Middle East....
...If you take a look at the WTI Crude price, you can see it's had its worst day of trading in more than a year. And it's easy to see why-- this was the latest number we had on US crude inventories....
...In a smaller WTI futures market on Intercontinental Exchange, money managers have a net short position of 6.5m barrels equivalent....
...But recently CME’s WTI volumes have been growing faster, increasing pressure on ICE to make sure any changes to the physical market linked to its future contract are successful....
...Brent crude, the international benchmark, and its US counterpart WTI moved into bull market territory on Thursday, having risen more than 20 per cent from their recent low on talk of a possible production...
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