Tag Archives: Crude Oil

August Nymex WTI prices are trading modestly higher Wednesday after falling over 2% during the previous session. WTI closed Tuesday’s session deeply in the red, settling down $2.08 at $83.91 a barrel, after a last minute intervention by the Norwegian government prevented the first shutdown of its oil industry in nearly 25 years.

August Nymex WTI prices are trading in negative territory Tuesday after the Norwegian government intervened to end an energy strike that threatened to halt production by western Europe’s largest crude exporter.

August Nymex WTI prices are trading moderately higher Monday after dropping more than 3% during Friday’s session. WTI posted a close of $84.45, down $2.51, after weak US jobs data fanned concerns about slowing oil demand due to lack of global growth.

August Nymex WTI prices are trading in negative territory Friday ahead of important US jobs data due later today at 1230GMT. WTI prices have slipped back in Asian trading this morning in tandem with a general unwind of risk trades after the various moves by some of the leading central banks.

NYMEX light sweet crude oil futures settled down $0.44 at $87.22 per barrel after trading in a $86.50 to $88.98 range. This was in contrast to ICE Brent, which settled up $0.93 at $100.70 per barrel, after trading in a $99.30 to $102,34 range.

August Nymex WTI prices are trading lower Thursday ahead of central bank decisions from the ECB and BoE.

August Nymex WTI prices have corrected modestly overnight in Asia after Tuesday’s bumper session saw prices rise a staggering 4% to post a close of $87.66, the highest since May 30.

August Nymex WTI prices are trading in negative territory Monday, staging a moderate correction after Friday’s strong advance. WTI was above $85 a barrel early on in the Asian session before prices began to slip back in tandem with a correction lower in the euro,

August Nymex WTI prices have bounced back from their lowest close in almost nine months, underpinned by speculation that an EU embargo on Iran, OPEC’s second-largest exporter, and a strike in Norway will tighten up crude supplies.

August Nymex WTI prices are in consolidation mode Thursday, extending their gains ahead of the EU summit. WTI futures rallied as much as 0.6% during Wednesday’s session to post a close of $80.21 a barrel, the highest close observed for a week.