Posts Tagged ‘wti’

West Texas Intermediate Drop as Demand Slows; Brent Fell

by Forex Rooton October 14, 2014 12:49 pm BST
WTI extended its rout from the lowest price in 22 months after the International Energy Agency said oil demand will expand this year at the slowest pace since 2009. Brent slid from a four-year low in London. Futures dropped as much as 1.3 percent in New York, the fifth decline in six days. Oil consumption […]

WTI Continues To Tumble Amid Signs Of Global Glut

by Forex Rooton October 10, 2014 12:34 pm BST
WTI crude tumbled further into a bear market amid signs of a global glut. Brent, the benchmark grade for more than half the world’s oil, traded close to a four-year low. US crude slumped as much as 2.5 percent to $83.59 a barrel in New York. It closed yesterday more than 20 percent below its […]

Brent Slides On Concern Weaker Economic Growth

by Forex Rooton October 7, 2014 4:02 pm BST
Brent Fell fifth time in six days on concern economyic will reduce demand. WTI fell before inventories data. The International Monetary Fund cut its outlook for global growth in 2015 in a report today. German industrial production fell more than economists forecast in August in the latest sign that the outlook for Europe’s largest economy […]

WTI Declines Below $90 for First Time in 17 Months

by Forex Rooton October 2, 2014 9:43 am BST
WTI crude Oil fell below $90 for the first time in 17 months on speculation rising U.S. production will be more than enough to meet demand. WTI for November delivery was down $1 to $89.73 a barrel at 8:37 a.m. London time on the New York Mercantile Exchange, trading below $90 for the first time […]