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1. • Fears of oil supply disruptions

     • U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
     www.reuters.com/markets/commodities/oil-prices-rise-more-than-1-escalating-tensions-middle-east-2024-10-01/

     Oil prices rise more than $1 on escalating tensions in the ...

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   Why did West Texas Intermediate (WTI) crude prices rise?

   • TOKYO, Oct 2 (Reuters) - U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel. Brent futures will resume trading at 0000 GMT on Wednesday.

   Oil prices rise more than $1 on escalating tensions in the Middle East

   www.reuters.com/markets/commodities/oil-prices-rise-more-than-1-escalating-tensions-middle-east-2024-10-01/

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   What is West Texas Intermediate (WTI)?

   • WTI is the underlying commodity of the New York Mercantile Exchange 's (NYMEX) oil futures contract. West Texas Intermediate (WTI), a light, sweet crude oil, is one of three global oil benchmarks. Sourced primarily in inland Texas, WTI is one of the world's highest-quality oils. WTI is the underlying commodity for the NYMEX's oil futures contract.

   West Texas Intermediate (WTI): Definition and Use As a Benchmark

   www.investopedia.com/terms/w/wti.asp

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   Is a surge in West Texas crude prices preventing oil from heading east?

   • A recent surge in West Texas Intermediate (WTI) crude prices has shut arbitrage routes for U.S crude to Europe and Asia, preventing oil from the Atlantic Basin from heading east, according to traders.

   Recent surge in WTI price curbs US oil flows to Europe, Asia

   www.reuters.com/markets/commodities/recent-surge-wti-price-curbs-us-oil-flows-europe-asia-2023-09-19/

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   How did WTI crude price move on Tuesday?

   • On Tuesday, WTI crude jumped more than $2 a barrel, pulling up Brent as well. However, WTI later eased as investors took profits, settling down 28 cents a barrel at $91.20. Previously, the recent price moves had widened prompt month spreads for both contracts in backwardation.

   Recent surge in WTI price curbs US oil flows to Europe, Asia

   www.reuters.com/markets/commodities/recent-surge-wti-price-curbs-us-oil-flows-europe-asia-2023-09-19/

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3. www.reuters.com › markets › commoditiesOil prices rise more than $1 on escalating tensions in the ...

   www.reuters.com › markets › commodities

   4 hours ago · U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic...

   • Recent surge in WTI price curbs US oil flows to Europe, Asia

     A recent surge in West Texas Intermediate crude prices (WTI)...

4. www.reuters.com › markets › commoditiesRecent surge in WTI price curbs US oil flows to Europe, Asia

   www.reuters.com › markets › commodities

   Sep 19, 2023 · A recent surge in West Texas Intermediate crude prices (WTI) that pulled Brent crude futures higher has shut arbitrage routes for U.S crude to Europe and Asia and is preventing oil from the...

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6. www.investopedia.com › why-oil-prices-rose-jumpedWhy Oil Prices Jumped 5% on Wednesday - Investopedia

   www.investopedia.com › why-oil-prices-rose-jumped

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   Jul 31, 2024 · Key Takeaways. Western Texas Intermediate (WTI) rose 5% to above $78 per barrel Wednesday. Crude prices jumped after the assassination of a Hamas leader in Iran, stoking concerns about...

7. finance.yahoo.com › news › oil-prices-jump-most-inOil prices jump most in nearly a year after Iran launches ...

   finance.yahoo.com › news › oil-prices-jump-most-in

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   1 day ago · West Texas Intermediate rose more than 5% to trade just below $72 per barrel. Brent ( BZ=F ), the international benchmark price, also climbed roughly 5% to hover firmly above $75 per...

8. www.eia.gov › todayinenergy › detailCrude oil prices increased in 2021 as global crude oil demand ...

   www.eia.gov › todayinenergy › detail

   • Cached

   Jan 4, 2022 · The price of West Texas Intermediate (WTI) crude oil traced a similar pattern to Brent and averaged $3/b less than Brent in 2021. Global petroleum production increased more slowly than demand, driving higher prices.

9. markets.businessinsider.com › news › etfWTI Crude Hits $80, Notches Best Day In Over 2 Months: 'Peak ...

   markets.businessinsider.com › news › etf

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   May 28, 2024 · Oil prices had their strongest session in over two months Tuesday, with West Texas Intermediate (WTI) light crude climbing 2% to $80 a barrel, and Brent crude rising 1.7% to $84 a barrel.

10. www.investopedia.com › terms › wWest Texas Intermediate (WTI): Definition and Use As a Benchmark

    www.investopedia.com › terms › w

    • Cached

    May 4, 2024 · Key Takeaways. West Texas Intermediate (WTI), a light, sweet crude oil, is one of three global oil benchmarks. Sourced primarily in inland Texas, WTI is one of the world's highest-quality...