WTI crude oil hovers at $71 as rising demand from China and India supports prices. Geopolitical tensions heighten supply disruption concerns.
Oil traders stay bullish amid rising geopolitical tensions.
Oil prices continue to rebound from November lows.
WTI oil did not manage to test the $70.00 level.
Rising geopolitical tensions provided additional support to oil markets.
Oil markets are under strong pressure ahead of the weekend.
Oil prices fall as weak Chinese demand and U.S. Fed rate outlook weigh. WTI drops 3.6% for the week, testing key support.
Rising crude inventories put pressure on oil prices.
The previous decade was tough for W&T Offshore, as they battled to deleverage whilst enduring oil price booms and busts. Thankfully there is a light at the end of the proverbial tunnel once their senior notes are hopefully repaid in early 2026. These incur a very high 11.75% interest rate, which is hindering their free cash flow and thus dividends.
Oil markets are moving higher as short sellers take profits after the recent pullback.
Oil markets were swinging between gains and losses as traders reacted to the OPEC report.
Traders are worried that China's economy will not be able to gain strong momentum.