Month: February 2022

Rigzone | WTI, Brent rise as global market tightens

Enbridge Energy's storage facility in Cushing, Oklahoma.Justin Sullivan | CNBC Crude oil futures rose Thursday amid signs of a tightening global market and as the geopolitical outlook in the Middle East remains uncertain.  The West Texas Intermediate contract...

Rigzone | WTI, Brent rise after Fed meeting minutes

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016.Nick Oxford | ReutersCrude oil futures rose Wednesday as Federal Reserve officials indicated that interest rates have likely reached their peak. The West...

Rigzone | WTI pulls back from three-month high

U.S. crude oil futures pulled back Tuesday after hitting a three-month high last week as the conflict in the Middle East raged on.The West Texas Intermediate contract for March fell $1.01, or 1.28%, to settle at $78.18 a barrel. The Brent contract for April...

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