Amid OPEC+ production cuts, West Texas Intermediate (WTI) crude futures ascend past $95, marking a significant Crude Oil News event.

Oil rises on US crude draws, tight global supply

08:17pm, Wednesday, 27'th Sep 2023
Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in U.S. crude stocks added to worries of tight global supplies.
Helima Croft, RBC, joins 'Fast Money' to talk oil prices as WTI crude hits its highest level since August 2022.
US oil prices topped $94 a barrel on Wednesday for the first time in over a year, threatening to push up prices at the pump and inflation across the economy.
Shares of Exxon Mobil Corp. XOM, +2.93% rallied nearly 3% on Wednesday and were on track for a record close, according to data going back to November 1972. It would be a fourth straight sessions of ga
Oil markets rally as traders focus on the current supply/demand balance.
Oil and gas activity in three key energy producing U.S. states has been rising with the latest jump in energy prices, according to a survey released on Wednesday, signaling a turn in producers' sentim

US oil prices surge to their highest level in 2023

12:19pm, Wednesday, 27'th Sep 2023
US crude oil prices hit their highest mark of the year on Wednesday.  West Texas Intermediate crude oil moved 3.62% higher to $93.64 a barrel.
Oil production cuts by the world's second- and third-biggest producers has caused a multi-month jump in the price of oil, though experts also attribute the price increase to other factors.
Oil markets test session highs as traders react to the EIA report.
Crude oil markets continue to see a lot of upward pressure, as it looks like we are trying to break out to the upside yet again.

Oil Might Gain

09:23am, Wednesday, 27'th Sep 2023
The recent selloff by crude oil might have been excessive; now a bounce seems possible.

Oil prices shake off mild pullback

07:01am, Wednesday, 27'th Sep 2023
Oil futures rose Wednesday, brushing off broader weakness across financial markets, as investors remain focused on tight crude supplies.
Brent and WTI crude oil futures rise indicates a mounting supply tightness concern, reshaped by OPEC's supply cuts, Russia's export decisions.
Oil prices ticked up in early trade on Wednesday, as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.
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