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- Canadian Cold Lake crude on the Gulf Coast traded at a record discount to WTI of $23 a barrel early on Wednesday before strengthening in the afternoon to $20.25 a barrel. The discount reached $25 a barrel at Cushing, Oklahoma, before rebounding to a $21.75 a barrel, according to Link Data Services.
www.bloomberg.com/news/articles/2022-10-12/canadian-oil-prices-collapse-even-amid-pipeline-abundance
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Oil company earnings underwhelm despite crude price flirting with US$85 a barrel. Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher.
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3 days ago · 1:12. Oil held a decline after an industry report signaled a small build in US crude inventories ahead of official data. West Texas Intermediate traded below $81 a barrel after dropping 1% on ...
Jun 19, 2024 · June 20, 2024 at 12:16 PM PDT. Listen. 1:39. Oil rose as a drawdown in US crude inventories extended a rally that has been supported by a hot streak for equity markets. West Texas Intermediate ...
Jan 24, 2024 · Crude oil should be pricing in about $12 in geopolitical supply d... Oil inched higher, aided by gains across markets as China sought to stimulate its economy, and ahead of U.S. inventory data due later. Global benchmark Brent edged toward US$80 a barrel though it remains steadfastly rangebound.
Feb 29, 2024 · Oil extended this year’s rally to almost US$80 a barrel amid signs of a tightening physical market. West Texas Intermediate earlier breached the key level before paring gains to close up 2.2 per cent at the highest settlement price since November.
Jun 7, 2022 · Oil maintained its gains after US government data showed crude inventories in the largest storage hub and gasoline stockpiles dropped, offering little relief to concerns about a global supply...
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