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Oil tops US$87 but rally will run into 'wall of supply' soon, CIBC energy trader says. Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October. Commodities.
Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
Oct 12, 2022 · 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 ...
Jun 6, 2022 · At the same time, as OPEC+ produces more crude, additional sour oil is released onto the market. Western Canadian Select rebounded on Monday, with the discount at Hardisty, Alberta, narrowing 30 ...
May 8, 2023 · OPEC has its mojo back and we suspect the combination of SPR refilling and OPEC efforts will eventually lead us toward $90 oil.”. WTI for June delivery rose 55 cents to settle at $73.71 a barrel ...
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