by Thanvir | Dec 20, 2018 | Benchmark Oil Price
The gap between Canadian benchmark oil prices and US prices is increasing along with the gap between Canadian oil production and oil export capacity. The growth of Alberta’s oil industry is hampered by a lack of infrastructure in the face of growing output,...
by Thanvir | Dec 10, 2018 | Benchmark Oil Price
Benchmark crude oil futures rallied last week, with Dated Brent and WTI up around 5% and 3%, respectively. Prices rose mainly as a result of the US-China ceasefire until next March, a decline in US crude oil stocks, a forced reduction of production in Alberta, Canada...
by Thanvir | Nov 21, 2018 | Benchmark Oil Price
The oil price fell on Tuesday, with the US benchmark reaching its lowest level in more than a year, as investors’ attention remained focused on an important meeting of major oil producers early next month. “The bulls are running for the barn and the bears...
by Thanvir | Nov 15, 2018 | Benchmark Oil Price
Oil prices should finally break their record-breaking 12-day defeat on Wednesday morning, but analysts remain concerned that prices could fall below $ 50 a barrel. At 8:20 ET, the price of West Texas Intermediate (WTI), the US benchmark for oil pricing, stood at $...
by Thanvir | Nov 9, 2018 | Benchmark Oil Price
US crude oil prices fell for the 10th time in a row on Friday, plummeting deeper into the bear market area and destroying the benchmark gains for the year. The 10-day decline is the longest defeat in the US since mid-1984, according to the refining data. Commodity...
