Thursday, May 2, 2024
MARKET UPDATE
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Tag "West Texas Intermediate (WTI) crude"

Oil prices hit one-year low as WTI loses $2 in 30 minutes

    Oil prices hit one-year low as WTI loses $2 in 30 minutes

Oil prices hit its lowest point since December 2017 on Tuesday, following anticipated oversupply in the global crude oil market. 

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WTI crude gripped by oversupply fears

    WTI crude gripped by oversupply fears

WTI crude was exposed to sharp losses on Wednesday, with prices tumbling towards $50 after an unexpected weekly climb in US gasoline supplies compounded with existing oversupply fears. Although some

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