WTI Crude

Cryptocurrency bettors are aggressively betting on crude oil prices amid President Donald Trump’s latest escalation in war rhetoric. Which Way Is WTI Heading? Polymarket, a Polygon (CRYPTO: POL) based prediction platform that allows users to wager on an outcome using the USDC (CRYPTO: USDC) ...

Oil broke above $100 a barrel this month for the first time since 2022. The war in Iran has disrupted the Strait of Hormuz, gasoline prices are surging, and the S&P 500 just posted its first three-week losing streak in about a year. As panic sets in, observers wonder whether this is actually...

Crude oil prices rose on early Thursday as an impasse in diplomatic negotiations coincided with heightened military posturing, forcing traders to recalculate the geopolitical risk embedded in global energy markets. Diplomatic Deadlock And Escalation The rally follows a critical stalemate in Geneva...

West Texas Intermediate crude oil prices have fallen 6% over the past month to reach multi-year lows on Wednesday. Several factors, including trade policies and OPEC+ production increases, contributed to the sharp decline.  U.S. Tariffs: President Donald Trump’s 25% tariff on energy...

Global oil prices fell on Monday after COP28 president Sultan Al Jaber hit back at criticisms of comments he made before the climate summit about scientific evidence of the need to phase down the use of fossil fuels. In an online event in November, Al Jaber had reportedly remarked there was “...

Oil prices fell during afternoon trade on Friday, as OPEC+ was reported to be close to a deal that will bring more oil onto the market from African-producing members of the oil cartel. In mid-afternoon trade, Brent Crude was down 1.3% at $80.35 a barrel, while US West Texas Intermediate fell 2.4%...

As crude oil prices surge, experts are starting to bet on a barrel of oil hitting the coveted $100 mark. Price premiums for physical oil barrels are skyrocketing across the globe, with supplies from various regions, including the Middle East, Azerbaijan, and Russia, commanding higher prices as...

Crude oil has gained five weeks in a row, almost undetected by investors who are completely focused on the stock market surge fueled by AI stocks and the significant reduction in inflation. Such a winning stretch has not occurred in the oil market in over a year and a half, with the most...

Oil futures dropped in the early hours of Thursday as the United States considered releasing millions of barrels from the country’s strategic reserve over several months. Oil Drops: ICE Brent Crude May 22 futures traded 3.9% lower at $109.02 at press time, while WTI Crude May 22 futures...

WTI Crude prices surged over $115 again on Friday after briefly spiking up to $116.51 on Thursday. The rising prices have been exacerbated by Russia’s invasion of Ukraine and the fear the U.S. may ban Russian oil from its shores, although the price of crude has been rising steadily since Dec...

The saga of the United States Oil Fund (NYSE: USO) grows more interesting by the day and not just because the moribund exchange traded product slumped 14.79% on volume that was more than double the daily average on Monday. USO debuted about 14 years with a simple objective: provide exposure to...

There's a scene in "The Godfather: Part III" in which Michael Corleone is in the middle of an argument between his nephew Vincent and a Mafia chieftain named Joey Zasa. Michael wants no part of it and declares in frustration: "What does all this have to do with me?" If you're in the trucking...

Following a tumultuous 2017, WTI crude oil circa 2018 has managed to do something it hadn’t done in three years: breach $70. This year even saw crude accomplish the arguably more difficult feat of remaining above the $60 for the better part of a year, something not seen since the commodity...

Oil prices traded lower Tuesday morning and saw heavy selling pressure last week. With the price of WTI hovering around the $67 mark, the upside case for $100 a barrel still can't be ruled out, according to Helima Croft, global head of commodity strategy at RBC Capital Markets. What Happened...

Rising oil prices coupled with a "more positive" view of the domestic energy market bode well for Halliburton Company (NYSE: HAL), according to Bank of America Merrill Lynch.  The Analyst BofA's Timna Tanners upgraded Halliburton's stock rating from Neutral to Buy with a...