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Crude oil prices today
Crude oil prices today: WTI prices are up 0.90% today
WTI futures traded around $70.30 per barrel, as of 9 a.m. ET. That’s an increase of 0.90% in the last 24 hours.
U.S. Crude Oil Stockpiles Seen Down in Week Ended Sept. 13
Commercial crude oil stockpiles are forecast to be down by 1 million barrels, at 418.1 million barrels, for the week ended Sept. 13, according to the average estimate of 10 analysts and traders. Seven expect a decline and three predict an increase.
U.S. crude oil trades above $70 per barrel as Gulf of Mexico production recovers
U.S. crude oil is down more than 13% this quarter, while Brent has fallen nearly 16% as demand slows in China.
Crude oil prices today: WTI is trading at $69.67
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors related to U.S. and international supply and demand conditions. For example, the Brent/WTI spread hit nearly $14/bbl in April 2011 when protests sparked market fears of significant oil supply disruptions in the Middle East.
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Average NJ gas price is close to $3. Why are gas pricing falling now?
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Fuel prices to keep falling in coming weeks as Chinese demand for oil reduces
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