Tag Archives: WTI

5 Stocks To Watch As The Oil Market Rebounds

It is exactly four months since the historic oil price crash that sent crude prices into negative territory for the first time ever. Since then, WTI and Brent prices have made a nice recovery journey to trading at five-month highs. Optimism is slowly returning to the oil markets thanks to …

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Are oil prices about to show a correction?

Oil trade has been on the decline these past few weeks as conflict data pulls prices in different directions. But, according to some, a correction may be underway. Reuters’ John Kemp noted in its weekly column on fund trading that market movers last week were relatively indifferent to oil futures, …

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About the board raises Send oil prices higher

The American Petroleum Institute (API) on Tuesday reported a mark in crude oil inventories of 4,401 million barrels for the week ending August 7. Analysts had forecast a modest inventory drawing of 2,875-million tons. Last week, the API reported a man-made drawing in crude oil inventories of 8.587 million barrels, …

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