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Tag: WTI oil

  • Commodity Market

Oil prices continue to rise despite optimism for a US rate cut.

guna@fastura.com2 months ago02 mins

Oil prices remained mostly stable during Asian trading on Friday, following gains from the previous session, as stalled diplomatic efforts regarding the Ukraine war and strong expectations of a U.S. Federal Reserve rate cut influenced the market. Brent Oil Futures for February declined by 0.2% to $63.15 per barrel, while West Texas Intermediate (WTI) crude…

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  • Commodity Market
  • NYMEX Market

UAE Cuts, WTI Battles Below $73 Despite Increased Demand

Mahalakshmi@fastura.com1 year ago02 mins

WTI oil prices have continued to decline, trading near $72.90 per barrel during the Asian session on Tuesday. Despite rising energy demand driven by colder weather and China’s economic stimulus efforts, these factors present a complex environment for oil markets. OPEC’s oil production fell in December due to the UAE’s supply cuts, which may support…

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