West Texas Intermediate »

  • H.S. Borji

    The Canadian dollar advanced against its US counterpart Wednesday after a shaky front half of the week, as the Bank of Canada held its trend-setting interest rate at 1 percent but warned declining oil prices could offset the economic recovery. The loonie, as the Canadian currency is known, climbed to an intraday high of 0.8811

  • David Becker

    Crude oil prices on a WTI basis have recently recaptured the $100 per barrel level, but the outlook for petroleum is for lower prices as the US continues to ramp up supply and other non-opec crudes exceed demand growth. In its May Short-Term Energy Outlook the Department of Energy in the United States, forecasts that

  • West Texas Intermediate(NYSE:WTI) soared to fresh 15-month highs on Wednesday after the weekly EIA report showed declining US inventories. The Energy Information Administration, which measures weekly crude oil changes, showed that the supply of US crude declined by 9.874 million barrels last week, compared to expectations of a 2.900 million shortfall. The draw placed a