OIL COLUMN - WTI slides as inventories rise


As expected, US stockpiles of oil rose last week, undermining the price of West Texas Intermediate (WTI).

Inventories rose by 1.66mln barrels to 393mln, according to the Energy Information Administration.

The price of WTI for July delivery is down 0.7% at US$102.85 a barrel, and could be on course for its first weekly decline in four weeks; on the other hand, it looks odds-on to finish the month higher than it started it.

In Europe, the price of Brent crude for July delivery is also on the slide, dipping 0.4% to US$109.54 a barrel, as fears over a Russian invasion of Ukraine recede.

According to a spokesman for the Pentagon, Russia has withdrawn the bulk of its forces from the Ukrainian border.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Ynvisible Interactive technology looking to change the way we "look" at sensors

Ynvisible Interactive (OTCMKTS: YNV) CEO Jani-Mikael Kuusisto chatted with Proactive’s Steve Darling at the 12th annual LD Micro Conference. The Vancouver-based company develops interactive printed electronics, and ts tools are used to produce displays that are low power, lightweight, thin,...

30 minutes ago

2 min read