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2. Why oil prices have cratered to their lowest level in nearly ...

   www.aol.com/why-oil-prices-cratered-lowest...

   Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's economy, are pressuring prices.

3. Oil tanks more than 3% to lowest level since 2021 on weak demand

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   On Tuesday, West Texas Intermediate slid roughly 4% to settle at $65.75 per barrel, while Brent also fell more than 3% to close at $69.19 per barrel, its lowest level since December 2021.

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5. Oil 2025: A tailwind for Trump as Wall Street projects lower ...

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   Meanwhile, BofA analysis shows prices could drop to an average of $65 per barrel in 2025, particularly if the Organization of Petroleum Exporting Countries (OPEC) decides to bring barrels back ...

6. Price of oil - Wikipedia

   en.wikipedia.org/wiki/Price_of_oil

   Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...

7. Benchmark (crude oil) - Wikipedia

   en.wikipedia.org/wiki/Benchmark_(crude_oil)

   Using benchmarks makes referencing types of oil easier for sellers and buyers. There is always a spread between WTI, Brent and other blends due to the relative volatility (high API gravity is more valuable), sweetness/sourness (low sulfur is more valuable) and transportation cost. This is the price that controls world oil market price.