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Rate cuts, strong employment, and lower prices: 5 bullish predictions for 2025 from Goldman Sachs In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 2% to $73.17 a barrel.
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
West Texas Intermediate jumped 1.8% to settle at $90.16. Brent crude futures ( BZ=F ) also closed higher, at $93.70 per barrel. Oil has been on a steady rise over the past three months.
Oil futures dropped as much as 2% on Wednesday before paring losses as traders weighed what Donald Trump's presidential victory could mean for energy prices. On Wednesday, West Texas Intermediate ...
West Texas Intermediate (light blue) alongside other selected North American oil benchmarks. West Texas Intermediate is used primarily in the U.S. It is light (API gravity) and sweet (low-sulfur) thus making it ideal for producing products like low-sulfur gasoline and low-sulfur diesel. Brent is not as light or as sweet as WTI but it is still a ...
West Texas Intermediate crude oil ticked lower 0.6% to $69.83 a barrel. Brent crude , the international benchmark, fell 0.5% to $73.17 a barrel. Gold fell 1.7% $2,709 an ounce.
NEW YORK (Reuters) -Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained ...
Date: 3 December 2024: Source: Own work using: Spot Crude Oil Price: West Texas Intermediate (WTI), Dollars per Barrel, Monthly, Not Seasonally Adjusted WTI Spot Crude Oil Price, via the Federal Reserve Bank of St. Louis