West Texas Intermediate petroleum

Fuel is airlines' second-largest expense after labor, and fare changes tend to lag movements in oil by several months. Mr. Parker said he didn't think higher fares would hurt demand. The increased energy costs hurt in the first quarter because West Texas Intermediate crude prices have remained above $60 ...

... (Organization of Petroleum Exporting Countries) meeting is set for June where members may adjust production quotas. The global market does need more crude oil, DeHaan said. “That's part of the reason oil prices are knocking on $70 (per barrel).” The per-barrel price of West Texas Intermediate crude, ...

In the week ended April 27, 2018, the number of land rigs drilling for oil in the United States totaled 825, five more than in the previous week and up by 128 ... West Texas Intermediate (WTI) crude oil for June delivery settled at $68.19 a barrel on Thursday and traded down up about 0.1% Friday afternoon at ...

As the prices of oil benchmarks West Texas Intermediate (WTI) and Brent Crude are up 13% and 12% year to date, respectively, Halliburton is up 8% on the year, while Schlumberger is up 3% and Baker Hughes is up 14%. Meanwhile, the S&P 500 is basically flat for the year. Despite Halliburton's strong ...

On Friday, Brent crude fell 0.3% to around $73.67 at 11:41 a.m. today, while West Texas Intermediate crude declined 0.5% to around $67.89. Exchange-traded fund United States Oil (USO) is flat and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is down more than 1%. The spread between ...

The "Big Three" oil services firms that serve as a bellwether for U.S. shale production posted big gains in the first quarter of 2018 as benchmark prices surged this week, signaling not only that rising prices have reignited American production but that U.S. oil output hasn't put a damper on prices as expected.

Oil futures ended higher Thursday, as traders looked beyond a surprise increase in U.S. supplies, and instead focused on the possibility that the U.S. will reimpose sanctions on Iran. June West Texas Intermediate crude CLM8, -0.25% rose 14 cents, or 0.2%, to settle at $68.19 a barrel on the New York ...

Crude oil prices are bounding higher this morning, extending yesterday's steep gains, as geopolitical tensions ease. Global markets were trading in positive territory today after China's President Xi Jinping vowed to continue opening the Chinese economy in a speech today, which bolstered oil prices.

West Texas Intermediate crude for May delivery rose as much as $1.12 to $65.42 a barrel on the New York Mercantile Exchange and traded at $64.75 at 1:09 p.m. in London. Prices were 3.9 percent higher on the week. The contract fell 87 cents to $64.30 on Thursday. Total volume traded was about 21 ...

Thursday's losses were also due to concern about geopolitical risks and the suggestion by Saudi Arabia that the Organization of the Petroleum Exporting Countries could extend their current two-year ... In early trade, NYMEX May West Texas Intermediate crude oil futures were 70cts higher at $65.00 bbl.

That's the price level that, according to Bloomberg Gadfly's Liam Denning, Aramco needs in order to get the US$2-trillion valuation eyed by Riyadh. Related: What Trump's Tariffs Mean For Global Oil And Gas. At the time of writing, Brent crude was trading at US$69.70 a barrel, with West Texas Intermediate ...

Early Friday, May West Texas Intermediate crude CLK8, +1.24% rose 97 cents, or 1.5%, to $65.33 a barrel on the New York Mercantile Exchange. ... Saudi Arabia's energy minister, Khalid al-Falih, said late Thursday that members of the Organization of the Petroleum Exporting Countries—of which Saudi ...

Oil prices retreated from a seven-week high Thursday, pressured by gains in U.S. production, as the risk of a global trade war weighed on the stock market. May West Texas Intermediate crude CLK8, +1.12% fell 87 cents, or 1.3%, to settle at $64.30 a barrel on the New York Mercantile Exchange—giving ...

Oil futures climbed Wednesday to settle at their highest level since early February, buoyed by an unexpected weekly decline in U.S. crude stockpiles, as well as ongoing geopolitical risks to global production. May West Texas Intermediate crude CLK8, -1.47% rose $1.63, or 2.6%, to settle at $65.17 a barrel ...

West Texas Intermediate crude oil broke above the $65 per barrel level on Wednesday on the heels of a surprise decrease in U.S. inventory, sending prices up to the highest level since early February. While crude oil appears to be gathering momentum, I'm cautiously bullish on oil at this juncture. Here are ...

US West Texas Intermediate (WTI) crude futures were at $62.14 a barrel at 0739 GMT, down 20 cents, or 0.3 per cent, from their previous close. ... Soaring US output, as well as rising output in Canada and Brazil, is undermining efforts led by the Organization of the Petroleum Exporting Countries (OPEC) ...