WTI | Egypt Oil & Gas
Traders Eye $100 WTI Ahead of Iran Sanctions
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week, Reuters reported. Open positions on $100 December 2019 WTI call options have increased 30% in the past seven days to reach ...
WTI Reaches $75 for First Time Since 2014
West Texas Intermediate (WTI) crude reached $75 a barrel on July 3, but quickly dropped to settle at just 0.3% higher, after the American Petroleum Institute (API) announced that US crude inventories fell by 4.51 mill...
Crude Rises to Levels Unseen Since 2015
Following a pipeline explosion in Libya, oil prices rose to highs not seen since mid-2015, Reuters reports. Brent crude prices hit $67.10 per barrel while WTI crude hit $60.01 on Tuesday, the news agency reports. They...
CME to Sell WTI-Dubai Futures
CME Group plans to begin selling WTI-Dubai future contracts as early as next month, according to Reuters. The future contracts will track the spread between West Texas Intermediate (WTI) and Platt’s Oman-Dubai benchma...
Vitol to Export First US Oil Cargo, US WTI Hits Premium over Brent
Switzerland-based Vitol has been announced to load the first US export cargo after 40 years from the Enterprise Products Partners’ Houston terminal in the first week of 2016, Platts reported citing an Enterprise...
Investment Banking Giant Goldman Sach’s Says Oil Could Drop to $20
The investment bank Goldman Sach’s recently released a report saying that oil prices could drop to $20/barrel, at least in the short term, USAToday reported. “Although oil prices have revisited the lows of last ...
Oil Prices Drop Amid Global Downturn
Oil prices for benchmark WTI and Brent crude fell on Monday as stock markets suffer heavy losses and global markets slow down, reported Reuters. WTI Crude—the US measure for light, sweet crude oil—was under $40 on mar...Page 1 of 1
