“The fear of a trade war is hamstringing oil demand,” he said. The price of West Texas Intermediate is hovering around $60 per barrel, which is not low enough to kill the U.S. oil patc ...

The reference oil traded most frequently and of major significance for the USA is West Texas Intermediate (WTI), while the most important in Asia is Dubai Fateh. Other reference oil types include ...

In its latest short term energy outlook (STEO), which was released on April 10, the U.S. Energy Information Administration (EIA) cut its West Texas Intermediate (WTI) oil price forecast for 2025 ...

Oil prices rebounded after the president delayed widespread tariffs, but the industry and analysts are uncertain about what's ...

At noon ET, May WTI fell $2.30 to $57.30/bbl, on track for a fifth session of sharp declines and to settle at its lowest since Feb. 5, 2021. June WTI was about $2.25 lower at $56.85/bbl.

Oil fell to close below $60 a barrel for the first time since 2021 after the Trump administration moved to intensify a ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Oil prices experienced a significant drop, with West Texas Intermediate crude momentarily falling below $60 per barrel. President Trump's recent tariff announcements have sparked fears of a global ...