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Oil Price - WTI oil outlook: Oil price comes under fresh pressure on talks of releasing emergency reserves
WTI oil. WTI oil returned to red on Tuesday after Monday’s recovery attempt from new seven-week low lost steam on probe through broken Fibo support at $76.39 (38.2% of $61.83/$8 ...
India to release 5 mn barrels of crude oil from strategic reserves to cool prices
India stores about 38 million barrels of crude oil in underground caverns at three locations on the east and west coast.
Barclays raises 2022 oil price view on faster inventory drawdown
The bank raised its 2022 average price forecast by $3 to $80 and $77 per barrel for Brent and West Texas Intermediate (WTI) respectively. Barclays expects a smaller deficit in Q4-21 to flip to a ...
Crude Oil Prices Still at Risk After Hitting 2-Month Low
Crude oil prices may suffer deeper losses amid broad-based risk aversion across financial markets after the WTI contract hit a two-month low.
U.S. expected to unveil emergency oil release in bid to fight high prices
The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday, a Biden administration source said.