wti

Government, Business, Fuel

WTI Tops $103 as Supply Fears Persist

An oil worker inspects a pumping jack in a Russian village An oil worker inspects a pumping jack in a Russian village. (Andrey Rudakov/Bloomberg News)

Oil extended gains after the close as a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns of a major shortfall in supplies as sanctions mount on Russia.

Julia Fanzeres | Bloomberg News
March 1, 2022
Business, Fuel

Crude Closes Above $80 With Energy Crisis Boosting Demand

 Propane delivery trucks at a Suburban Propane Partners location in Jeffersonville, Ind. Propane delivery trucks at a Suburban Propane Partners location in Jeffersonville, Ind. (Luke Sharrett/Bloomberg News)

West Texas Intermediate crude closed above $80 a barrel for the first time since late 2014 as a growing power crisis from Europe to Asia boosts demand for oil ahead of winter.

Julia Fanzeres | Bloomberg News
October 12, 2021
Business, Fuel

Oil Swings After Major Index Bails Out of June Contract

The silhouette of an electric oil pump jack is seen near a flare in the oil fields surrounding Midland, Texas. The silhouette of an electric oil pump jack is seen near a flare in the oil fields surrounding Midland, Texas. (Luke Sharrett/Bloomberg News)

Oil resumed losses after a brief bounce higher amid the aftershocks of a major index tracked by billions of dollars in funds exiting near-term contracts for fear prices may turn negative again.

Olivia Raimonde | Bloomberg News
April 28, 2020
Business

Oil Set for Weekly Rise Amid Optimism on Re-Balancing Process

J. N. Stuart/Flickr;

Oil climbed Oct. 13 as dwindling U.S. crude stockpiles and near-record Chinese imports signaled the worldwide glut is eroding.

Jessica Summers | Bloomberg News
October 13, 2017
Business

Oil Rises to Five-Week High on Freeze Optimism, Weakening Dollar

Andrey Rudakov/Bloomberg News

Oil closed at its highest level in five weeks, bolstered by a weakening dollar and speculation that OPEC talks next month could result in a crude output freeze.

Rachel Adams-Heard | Bloomberg News
August 16, 2016
Business

Oil Falls to Below $40 a Barrel for First Time Since April

Andrey Rudakov/Bloomberg News

Oil fell below $40 a barrel for first time since April, falling into a bear market on concern that the global supply glut will expand.

August 1, 2016
Business

Oil Falls to 12-Year Low at $26.14 Per Barrel

Brittany Sowacke/Bloomberg News

Oil tumbled to its lowest level in more than 12 years as crude stockpiles at the delivery point for New York futures expanded to a record.

Mark Shenk | Bloomberg News
February 11, 2016
Business

Oil Dips Below $65 on OPEC Inaction

Eddie Seal/Bloomberg News

West Texas Intermediate crude rebounded after sliding to the lowest level since July 2009 on speculation that prices have further to drop before OPEC’s decision to maintain output slows U.S. shale supply.

December 1, 2014