Thu, March 28, 2024

Petroleum trading

Wibest – Oil and Petroleum: A worker taking notes on an oil refinery.

Oil and Petroleum Prices Start the Week with Losses

Despite positive news from the United States and Chinese trade war negotiations, oil and petroleum prices declined this Monday. Crude started the week on a rather negative trajectory in trading sessions. West Texas Intermediate or WTI crude oil prices dropped by 0.64% or 0.36 points in today’s trading. WTI crude barrels currently costs around $55.84, …

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Wibest – EIA: Green metal crude oil containers.

EIA Reports A Buildup, Oil Prices Recover

The Energy Information Administration or EIA reported a buildup in crude oil inventories in the United States yesterday. The news sent WTI crude and Brent oil prices up in today’s trading sessions. West Texas Intermediate recovered 0.22% or 0.12 points this Thursday’s trading session. WTI crude barrels now trade for $55.18, edging higher from its …

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Wibest – Oil Petroleum: Crude oil refinery.

Oil Petroleum Prices Slide Against Chinese Data | Wibest

Oil petroleum futures declined the early Monday trade after negative data from the profits from Chinese industrial companies. Traders first expected crude prices to pick up its pace against positive trade war developments. Chinese industrial companies’ profits fell for the second consecutive month in September according to the latest reports. The country’s producer prices also …

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Wibest – Oil Petroleum: Crude oil barrels.

Oil Petroleum Prices Edges Lower Against Positive News

Oil petroleum prices fall this Tuesday’s trading against good signs from the Sino-US trade war. News from the two biggest oil importers and demand concerns continue to dent oil prices. Crude prices began trading higher after the United States president said that Beijing began purchasing US farm goods. US President Donald Trump announced that during …

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Oil

Petroleum and Oil Prices Fall Against Stockpiles Buildup

Petroleum and oil prices went tumbling down in today’s trading after a huge buildup in US crude stockpiles. The American Petroleum Institute or API reported earlier this Thursday the sharp rise in crude stocks. Following that news, WTI crude or West Texas Intermediate oil dropped 1.03% or 0.55 points in Thursday’s trading. A barrel of …

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Wibest – OPEC Countries: A silhouette of an oil production worker.

OPEC Countries Gives Nigeria New Target

OPEC Countries and its allies just allowed Nigeria’s plea to increase its oil production output under the organization’s quota. The new deal will grant Nigeria to produce 1.774 million barrels per day, over the OPEC’s original quota. As agreed by OPEC countries in December 2018, Nigeria’s first target was just 1.685 million barrels per day. …

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Wibest – Pig: Pork manufacturing facility and its workers.

USDA’s Pig Slaughtering Rules Sued by Union

  An organization of food workers filed a lawsuit against the US president’s move towards pig slaughter lines. The United Food and Commercial Workers International Union says that the rule results in more injuries to employees of slaughterhouses. The case is 19-cv-02660 and is in the US District Court in Minnesota. According to the report, …

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Wibest – Crude: Crude oil refineries over the sunset.

Crude Oil Prices Rise Against Global Economy Concerns

WTI crude oil and Brent oil prices rallied this Monday’s trading sessions as traders fear about the global economy. Aside from that, crude prices also received support from the biggest weekly selloff for more than two months. Crude prices are attempting to bounce back from the biggest weekly fall since-mid July. Oil traders are now …

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