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WTI rebounds to above $63.50 on Trump’s threat to Russian supplies, bullish inventory
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.75 during the early Asian trading hours on Thursday. The WTI bounces off a five-week low amid bullish US crude oil inventories data and geopolitical tension.
Trump's Tariff Blitz on India Threatens 3.5 Million bpd in Global Oil Supply
Last year, India leapfrogged China to become the biggest buyer of Russian oil, purchasing up to 2 million barrels of discounted barrels per day, good for ~2% of global supply. India bought Russian oil worth $50.2 billion in fiscal year 2024/2025, accounting for 35% of its oil imports.
Oil prices pared earlier gains and eased to fresh five-week lows after U.S. Secretary of State Marco Rubio indicated there would be an announcement later on Wednesday on whether potential sanctions ...
West Texas Intermediate (WTI) US Crude Oil prices extend the sideways consolidative price move heading into the European session on Tuesday and remain close to a one-week low touched the previous day.
WTI oil tests new lows as traders focus on rising OPEC+ supply and ignore the threat of new sanctions on Russia. In case WTI ...
What is the price of crude oil today? WTI futures traded at $82.30 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 12.06%. Brent futures traded around $85.45/bbl, a drop of 0.09% ...
Capital Market on MSN1d
Energy Preview: WTI crude oil slips to one-week lowWTI crude oil slips to a one-week low after the Organization of Petroleum Exporting Countries and allies (OPEC+) approved another significant production increase in September.
Oil futures fell for a third consecutive session after OPEC+ said it will lift output by another 547,000 barrels a day in September.
What is the price of crude oil today? WTI futures traded at $78.84 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 7.35%. Brent futures traded at $80.52/bbl, a drop of 1.15% in ...
US President Donald Trump has threatened to impose 100% secondary tariffs on Russian crude buyers to pressure Moscow to end its war in Ukraine by August 8. LSEG trade flows showed on Friday that at ...
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