Sentences with phrase «u.s. oil benchmark»

Next year, Brent crude, the international price gauge, will average $ 58 a barrel, and West Texas Intermediate, the U.S. oil benchmark, will average $ 54 a barrel, according to 13 banks polled by The Wall Street Journal.

Overall, crude ended the week down about 4 %, with the U.S. oil benchmark price WTI settling just above $ 45 per barrel on renewed supply worries due to surging U.S. production.

Not exact matches

U.S. crude futures dipped below $ 28.50, while the international benchmark Brent fell as far as $ 27.79 a barrel after reports that Iran had offered sharp discounts to customers in Europe and Asia to find buyers for millions of barrels of oil in storage that it is now free to sell, after the lifting of most international sanctions on it at the weekend.

Brent crude, the international benchmark for oil prices, rose to $ 70.37 on Monday, while U.S. West Texas Intermediate crude reached $ 64.89 on Tuesday, both hitting more than three - year highs.

At the last check Friday, U.S. West Texas Intermediate crude oil prices were at $ 67.73 a barrel, while international benchmark Brent crude sat at $ 73.15.

The benchmark price of U.S. crude oil last week hit US$ 68.64 per barrel, the highest since December 2014.

Oil prices fell over 5 percent in early Asian trade and were still trading around $ 41.21 a barrel for benchmark Brent crude and $ 38.47 for U.S. WTI (West Texas Intermediate) in early European trade.

When Goldman Sachs and Citibank talk about oil prices, they're referring to the price of West Texas Intermediate, the benchmark prices of U.S. oil.

ENERGY: Benchmark U.S. crude oil gained 29 cents to $ 68.93 a barrel.

West Texas Intermediate crude oil, the U.S. benchmark, traded briefly Friday in the $ 39 - a-barrel range, a six - year low.

Likewise, a marginal bond selloff will push yields on 10 - year Treasurys to 2.57 % and U.S. benchmark oil prices will be $ 50.20 a barrel or barely changed.

Meanwhile, London - traded Brent crude futures, the benchmark for oil prices outside the U.S., shed 10 cents to settle at $ 74.64 a barrel.

Western Canada Select, the Canadian heavy oil benchmark's discount against the U.S. crude widened to US$ 17.40 per barrel, its highest level since the start of the month.

On Wednesday, the benchmark U.S. oil contract fell almost 7 %, whacking the stock market broadly and in particular energy companies like Exxon, Chevron, and ConocoPhillips.

Benchmark rates in the U.S., Germany and Japan fell below 1 percent on average for the first time as deflation emerged in Europe, oil sank below $ 50 and American wages fell.

ENERGY: Benchmark U.S. crude oil futures added 28 cents to $ 45.11 in electronic trading in the New York Mercantile Exchange while Brent crude, the benchmark for international oil prices, fell 6 cents to $ 47.20 a barrel iBenchmark U.S. crude oil futures added 28 cents to $ 45.11 in electronic trading in the New York Mercantile Exchange while Brent crude, the benchmark for international oil prices, fell 6 cents to $ 47.20 a barrel ibenchmark for international oil prices, fell 6 cents to $ 47.20 a barrel in London.

Similarly, WTI, the benchmark for U.S. crude oil, has seen steadily increasing volumes and open interest for the last several years.

West Texas Intermediate (WTI): The Benchmark of the U.S. Crude industry, WTI is a grade of crude oil, based on its Sulphur content, that is deliverable against the NYMEX, light, sweet crude futures contract.

But he said he has made «oil - related investments,» which he wouldn't specify, since January, when West Texas Intermediate, the U.S. benchmark crude, slipped below $ 30 a barrel.

The benchmark price of U.S. crude oil last week hit US$ 68.64 per barrel, the highest since December 2014.

Another big factor was the sharp decline in the benchmark WTI oil price, which fell to $ 26 (U.S.) a barrel.

Domestic oil prices trading at a steep discount to global benchmarks because of pipeline limitations, and the uncertainty overhang from NAFTA negotiations alongside the risk of steel and aluminum tariffs (Canada is the world's largest supplier of both metals to the U.S.) has restrained investment activity.

Western Canadian Select, the benchmark for tar sands oil, trades at a discount to U.S. crude because it is lower - grade oil that's bought and sold in Hardisty, Alberta, far from U.S. refinery customers.