- The British victory price rises to approximately $ 71.20 in the early Asian session on Tuesday.
- The slowdown on the oil pipeline pump station in the Caspian Sea of Kazakhstan, to support the price of WTI.
- Possible ceasefire talks in the war of Russia or Ukraine and commercial tension can withdraw lower WTI.
West Texas Interidia (WTI), American crude oil standard, is trading about $ 71.20 during the early Asian session on Tuesday. The WTI price recovers amid the disturbances of the Caspian area.
The Caspian pipeline said on Monday that drones hit the pump line pipeline in the southern Russian Krasnodar area, which reduced oil flows from Kazakhstan to global markets by Western producers. This, in turn, provides some support for Wti price.
“Although drone attacks so far have had limited effects on Russian crude exports, the increasing frequency of these attacks is a source of concern at one time, it leads to some risk of display,” said Giovanni Stonovo, an UBS analyst, said.
Investors will closely see the developments surrounding a possible ceasefire agreement in Moscow-CIV, which may reduce sanctions and increase global supplies. Possible ceasefire talks in the Russia-Ukraine war may travel the bullish trend of black gold in the short term.
In addition, the possibility of a global trade war may be on the central treatment. Last week, US President Donald Trump ordered his administration to consider imposing a mutual tariff on many commercial partners.
WTI oil questions and answers
WTI Oil is a type of crude oil that is sold in international markets. West texas intermedition, which is one of three main types including Brent and raw Dubai. WTI is also referred to as “light” and “sweet” due to its low attractiveness and sulfur content, respectively. High quality oil is easily improved. It is obtained in the United States and is distributed through the Kushing Center, which is considered “the world lines lines in the world”. It is a standard for the oil market and the price of WTI is frequently transferred in the media.
Like all assets, the supply and demand are the main engines of the oil price in WTI. As such, global growth can be a driver to increase demand and vice versa for a weak global growth. Political instability, wars and sanctions can disrupt supply and influence prices. OPEC decisions, a group of main oil -producing countries, is another major drive. The value of the US dollar affects the price of crude oil in WTI, since oil is often traded in US dollars, and therefore the weakest US dollar can make oil more at reasonable and vice versa.
The weekly oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) affect the price of WTI oil. The changes in stocks reflect fluctuations and demand. If the data shows a decrease in stocks, it can indicate an increase in demand, which increases the price of oil. Top stocks can reflect the increase in supply, which leads to low prices. The API report is published every Tuesday and effect evaluation operations the next day. Its results are usually similar, as it falls within 1 % of each other 75 % of the time. Environmental impact evaluation data is more reliable, as it is a government agency.
OPEC (the Organization of Petroleum Exporting Countries) is a group of 12 oil -producing countries that collectively decide production classes for member countries in meetings twice annually. Their decisions often affect the prices of WTI oil. When Opec decides to reduce the shares, it can tighten the supply, which increases oil prices. When OPEC increases production, it has an opposite effect. OPEC+ refers to an expanded group of ten additional members without OPEC, most notably Russia.
2025-02-17 23:57:14