Tag: U.S. West Texas Intermediate

November 27, 2023 BY Simon Mugo

USDCAD Prices Edged Higher on Weak Canadian Dollar. What Next?

The Canadian Dollar (CAD) has faced headwinds due to a decline in crude oil prices, contributing to this upward pressure on the pair. Western Texas Intermediate (WTI) crude oil prices have been on a downward trajectory since Wednesday and are currently trading at approximately $75.00 per barrel. Crude oil prices have fallen since late September…

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Crude oil prices could bounce as Coronavirus panic settles
April 24, 2017 BY Valentina Kirilova

Oil recovers lost ground, market still under pressure

Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains, Reuters reported earlier today. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 added 26 cents, or 0.5%,…

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US oil index is prime
November 04, 2016 BY Valentina Kirilova

Oil prices on course for their sixth straight day of falls

Oil prices were set for sixth straight day of declines this Friday, dragged lower by a surge in U.S. crude inventories, timid demand and doubts over the ability of producers to coordinate output cuts. Brent crude futures were at $46.21 per barrel at 0740 GMT, meaning they were down with 14 cents from their last close.…

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