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W&T Offshore WTI Stock Price, News & Analysis2024.04.09

W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas. The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price.

W&T Offshore Announces Third Quarter 2024 Results and Declares Dividend for Fourth Quarter of 2024

However, new stocks are not automatically added to or re-ranked on the page until the just2trade review site performs its 10-minute update. W&T Offshore Incorporated explores for and produces oil and natural gas in the Gulf of Mexico. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, TX. View the latest top stories from our trusted partners, with a focus on today’s futures and commodity markets. The previous decade was tough for W&T Offshore, as they battled to deleverage whilst enduring oil price booms and busts. Thankfully there is a light at the end of the proverbial tunnel once their seni…

W&T Offshore Announces Proposed Senior Second Lien Notes Offering

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, Environmentally friendly investing economic shifts, and global uncertainties. Whether you’re planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions. Please bear with us as we address this and restore your personalized lists. SPONSORED Explore top-quality choices worldwide and locally. local trade between oilfield production and refineries around Midland, Texas, and Cushing, Oklahoma, could be saidby whom?

W&T Offshore, Inc.

  • The continuation of the offered stance in the Greenback coupled with declining US yields across the board underpin the extra rebound in Gold prices, which trade at shouting distance from their record highs.
  • If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.
  • 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.
  • As such, global growth can be a driver of increased demand and vice versa for weak global growth.
  • The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude.
  • Crude oil prices also saw support from expectations for tighter US sanctions on Iranian oil exports after US Treasury Secretary Bessent said the US aims to cut Iranian oil exports by more than 90%.

Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. WTI Oil is a type of Crude Oil sold on international markets.

  • local trade between oilfield production and refineries around Midland, Texas, and Cushing, Oklahoma, could be saidby whom?
  • Select to analyze similar companies using key performance metrics; select up to 4 stocks.
  • Thankfully there is a light at the end of the proverbial tunnel once their seni…
  • While Bitcoin (BTC) hovers around the $97,000 level, the three altcoins pave the way for recovery and rally in altcoins ranking within the top 50 cryptocurrencies by market capitalization on CoinGecko.
  • OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.
  • When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices.
  • However, oil prices on Friday saw support from a weaker dollar.
  • Measurements of lightness and sweetness of WTI changes depending on the particular light and sweet oil traded at Cushing at the time of the measurement, and even the particular measurement methodology.
  • However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update.
  • If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price.
  • On an international level there are a number of different types of crude oil, each of which have different properties and prices.
  • Oil produced from any location can be considered WTI if the oil meets the required qualifications.2 Spot and futures prices of WTI are used as a benchmark in oil pricing.
  • Crude oil prices traded lower on Friday on continued concern about US reciprocal tariffs announced on Thursday, which would likely have a negative impact on global economic growth and energy demand.
  • Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties.
  • It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”.
  • Also, there are hopes for progress in ending the Russia-Ukraine war, which could eventually lead to reduced sanctions on Russian oil.
  • The EIA data is considered more reliable, since it is a government agency.
  • WTI trades at $71.47 per barrel, up from Thursday’s close at $71.26.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $74.92 price posted on Thursday, and trading at $75.21.
  • The company sells crude oil and condensate, natural gas liquids, and natural gas.
  • WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively.
  • Because crude oil is needed to manufacture other primary materials, it is the world’s most important commodity.
  • W&T Offshore scored higher than 49% of companies evaluated by MarketBeat, and ranked 173rd out of 272 stocks in the oils/energy sector.
  • The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.
  • This grade is described as light crude oil because of its low density and sweet because of its low sulfur content.
  • The All Futures page lists all open contracts for the commodity you’ve selected.
  • Like all assets, supply and demand are the key drivers of WTI Oil price.
  • The previous decade was tough for W&T Offshore, as they battled to deleverage whilst enduring oil price booms and busts.
  • President Trump has already announced the imposition of tariffs on some of America’s trading partners, and we assume there will be more levies, which will be matched by foreign retaliation, in the coming quarters.
  • Please bear with us as we address this and restore your personalized lists.
  • Click the “+” icon in the first column (on the left) to view more data for the selected symbol.
  • Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report.
  • W&T Offshore, Inc. engages in the production, exploration, development, and acquisition of oil and natural gas properties.
  • For other static pages (such as the Russell 3000 Components list) all rows will be downloaded.
  • The author has not received compensation for writing this article, other than from FXStreet.
  • In addition, the IEA and US EIA this week forecasted a small oil surplus for this year.
  • The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.

What is WTI Oil?

W&T Offshore scored higher than 49% of companies evaluated by MarketBeat, and ranked 173rd out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. HOUSTON–(BUSINESS WIRE)–An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the o… The economic policies of the Trump administration are starting to take shape. President Trump has already announced the imposition of tariffs on some of America’s trading partners, and we assume there will be more levies, which will be matched by foreign retaliation, in the coming quarters.

Measurements of lightness and sweetness of WTI changes depending on the particular light and sweet oil traded at Cushing at the time of the measurement, and even the particular measurement methodology. On an international level there are a number of different types of crude oil, each of which have different properties and prices. The types of crude oil come from regions as diverse as Alaska North Lope, Arab Light or Zueitina in Libya. For the purposes of trading on futures https://www.forex-world.net/ exchanges in London or New York, however, reference oils are used.

W&T Offshore Prices $350 Million Senior Second Lien Notes Offering

For reference, we include the date and timestamp of when the list was last updated at the top right of the page. Upgrade to MarketBeat All Access to add more stocks to your watchlist. W&T Offshore’s significant debt reduction and positive cash flow make it an appealing investment, with potential for inorganic growth through acquisitions in the Gulf of Mexico. According to one analyst, the rating for WTI stock is “Strong Buy” and the 12-month stock price forecast is $7.8. Select to analyze similar companies using key performance metrics; select up to 4 stocks.