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7 hours ago · HOUSTON (Reuters) -Oil prices settled more than 1% lower on Tuesday, the third straight day of losses, on worries of a slowing Chinese economy crimping demand, though declines were stemmed by a growing consensus the U.S. Federal Reserve could begin cutting its key interest rate as soon as September. Brent futures closed down $1.12, or 1.3%, to $83.73 a barrel, while U.S. West Texas ...
2 hours ago · Oil prices were steady in early Asian trade on Wednesday, with global benchmark Brent hovering near the one-month low it hit in the prior session, as signs of weakening demand growth in China clashed with the prospect of declining U.S. oil stockpiles. Brent crude oil futures fell by 11 cents, or 0.1%, to $83.62 a barrel by 0010 GMT. Both benchmarks have dropped in the three prior sessions ...
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1 day ago · The discount rate on Western Canada Select (WCS) heavy unrefined versus the North American benchmark West Texas Intermediate (WTI) expanded on Friday after reports that a major U.S. refinery would quickly go on turn-around: * WCS for July shipment in Hardisty, Alberta, settled at $ 14.50 a barrel below the WTI, according to brokerage CalRock, having actually settled at $13.80 a barrel under ...
1 day ago · The commodity-linked Canadian Dollar (CAD) faces challenges due to declining Oil prices. Given the fact that Canada is the biggest Oil exporter to the United States (US). West Texas Intermediate (WTI) Oil price extends its losses for the third consecutive session, trading around $80.30 per barrel at the time of writing.
1 day ago · NEW YORK, July 16 - Exxon Mobil shut down its 251,800-barrel-per-day refinery at Joliet, Illinois, due to a power outage after a storm, according to a filing late on Monday. ...
1 day ago · The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price.
5 hours ago · Key commodity price averages in local markets served by Vertex for the second quarter of 2024 include Conventional Blendstock for Oxygenate Blending or CBOB gasoline, at $96.53 per barrel, ultra-low sulfur diesel at $102.58 per barrel, jet fuel at $103.33 per barrel, and Louisiana Light, Sweet Crude oil at $83.69 per barrel.
