West Texas Intermediate Tag

Saudi Arabia will trim its crude oil exports to below seven million barrels per day (bpd) in April, revealed a Saudi official on Monday, in a bid to drain a global supply glut and boost oil prices. Oil prices edged higher on Tuesday in response to...

The US oil sector has taken a hammering after huge floods across Texas caused by tropical storm Harvey forced several refineries in the region to close, knocking down global oil prices. US West Texas Intermediate (WTI) stocks were down 2.7% at US$46.57 a barrel on Monday,...