03097 Global X S&P Crude Oil Futures Enhanced ER ETF
- 5.130
- -0.005-0.10%
WTI Crude Sees Gains But Bearish Bias Maintained
Update: WTI Oil Edges Down as the IEA Sees the Market Over Supplied in 2025
WTI Edges Higher to Near $70.00 on China Stimulus, New EU Sanctions Against Russia
Crude Oil Rises on Wednesday, WTI Taps $70 per Barrel
Overnight U.S. stocks | The Nasdaq broke 0.02 million points, setting a historical high, and Musk became the first person in the world with a net worth exceeding 400 billion.
As of the close, the Dow Jones Industrial Average fell 99.27 points, a decrease of 0.22%, closing at 44,148.56 points; the Nasdaq rose 347.65 points, an increase of 1.77%, closing at 20,034.89 points; the S&P 500 Index rose 49.28 points, an increase of 0.82%, closing at 6,084.19 points.
International oil prices rose on Wednesday as the EU agreed to implement a new round of sanctions against Russia.
In the early morning of the 12th Beijing time, international Crude Oil Product prices rose on Wednesday. The EU agreed to a new round of sanctions threatening Russian oil exports, which boosted oil prices. However, last week's increase in USA fuel inventories exceeded expectations, limiting the increase.
Weekly Crude Inventories Fall More Than Expected; Oil Prices Rise Despite OPEC Cutting Demand Outlook
Oil Prices Edge Higher With Focus on US Inventories, China Stimulus
Crude Oil Prices Surge After Fall of Assad Regime in Syria
WTI Crude Extends Losses, Bears Dominate
WTI Recovers From Multi-week Low, Climbs Closer to Mid-$67.00s
Oil Holds Weekly Loss as Saudi Price Cuts Signal Weak Outlook
WTI Struggles Near Weekly Low, Below $68.00 Mark as Traders Await US NFP Report
OPEC+ meeting in a state of suspense, international oil prices oscillating at low levels.
The crude oil market as a whole is showing a range-bound trend. The average price of WTI this week is $68.65 per barrel, a decrease of $0.90 per barrel or -1.31% from the previous week. Factors that have put pressure on oil prices downward during the week include: record-high crude oil production in the USA, increasing crude oil production in Libya, and an expected increase in OPEC's crude oil production in November. On the other hand, OPEC+ is expected to extend production cuts and geopolitical uncertainties are supporting oil prices.
Oil Steadies as OPEC+ Once Again Delays Plan to Restore Output
Brent Crude Falls 2.5% Ahead Of OPEC+ Meeting
Oil Drifts as OPEC+ Again Pushes Back Plan to Ease Supply Curbs
CSI Commodity Equity Index Overview: Gold prices fell as investors await USA employment data, while oil prices declined.
Crude oil prices fell slightly on Thursday, although OPEC+ delayed production resumption, they still plan to increase production next year. Gold prices dropped as investors await the usa's non-farm payroll data on Friday for clues on the direction of Federal Reserve policy. London copper edged down.
Oil Prices Climb After OPEC+ Again Delays Phase-out of Production Cuts
Express News | Reuters Reported OPEC+ Will Delay Oil Output Hike At Its Meeting On Thursday, Citing Sources