The OPEC monitoring committee met today. They have the ability to call for a full OPEC meeting but no one was expecting them to do that this month. They generally meet monthly but they've pushed the next get-together back until April so it's steady-as-she goes for OPEC.
The next big thing to watch is the Russia oil product ban, which is set for February 5 but the EU may change it to a price cap.
WTI
WTI
WTI is the short-hand for West Texas Intermediate crude oil. WTI
is a type of petroleum crude oil that serves as a benchmark in oil
pricing. It is a light, sweet crude oil that is extracted from West Texas area in the United States, including the Permian Basin. WTI crude oil is considered to be a
high-quality oil due to its low sulfur content and high yields of
gasoline and diesel fuel when refined. It is used as a benchmark for
pricing other types of crude oil, and the price of WTI crude o
WTI is the short-hand for West Texas Intermediate crude oil. WTI
is a type of petroleum crude oil that serves as a benchmark in oil
pricing. It is a light, sweet crude oil that is extracted from West Texas area in the United States, including the Permian Basin. WTI crude oil is considered to be a
high-quality oil due to its low sulfur content and high yields of
gasoline and diesel fuel when refined. It is used as a benchmark for
pricing other types of crude oil, and the price of WTI crude o
Read this Term crude oil
Crude Oil
Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk,
Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk,
Read this Term
Oil looked like it might break down on Monday and early Tuesday but it steadied itself. Now we wait for Powell.
Update : Oil has now taken a bit of a dive, though there isn't any other news out there.
