Tag: West Texas Intermediate

West Texas Intermediate futures gained 12 cents, bringing their gain this week to 0.2 percent. A Purchasing Managers’ Index, which measures private-sector activity in the euro area, unexpectedly slid in April, and German factory numbers came in lower than forecast. FUEL FIX: Get your energy, oil, and gas news updates delivered to you each weekday Oil has climbed about 40 percent in New York this year as the Organization of Petroleum Exporting Countries and its allies cut supplies, which have been further squeezed by crises in OPEC members Venezuela and Iran, which are both subject to American sanctions. But the rally has lost steam amid fears about global economic growth, which the International Monetary Fund forecasts will this year be the weakest in a decade. “Oil bulls are in a dire need for further impetus apart from geopolitical developments that are fully priced in now,” said Tamas Varga, an analyst at PVM Oil Associates Ltd. in London. WTI for May delivery was 22 cents higher at $63.98 a barrel on the New York Mercantile Exchange as of 12:30 p.m. London time. The contract dropped 29 cents to $63.76 on Wednesday after U.S. data showed a gain in total stockpiles of crude and refined products. Both WTI and Brent won’t trade on Friday due to Easter holidays. Deposit placed on the Treemont, her new address will be 2501 Westerland Dr C-311, Houston, TX 77063 ... they had one available that was exactly what she wanted. The small 1 bedroom, overlooking the courtyard.“Investors are taking a wait-and-see stance ahead of events in May, including the expiry of waivers on U.S. sanctions on Iran and the OPEC meeting,” said Kei Kobashi, a senior analyst at Sumitomo Corporation Global Research Co. “It will remain difficult to make bets until May because there is so much uncertainty.” --With assistance from James Thornhill and Tsuyoshi Inajima.