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A lower oil rig count and the Russian cap also contributed, though U.S. crude inventories were the highest since June 2021. [2] For the week ending February 3, oil fell nearly 8 percent, with Brent at one point reaching $79.72, lowest since January 11, and WTI reaching $73.13, lowest since January 5.
English: The chart in the figure shows the change in WTI oil prices between 2013 and 2023 (data availability by CNBC). The x-axis of the graph shows dots of different colours for each year, representing the start price, end price, and the highest and lowest prices for each year. y-axis represents the price of oil in US dollars per barrel.
Current events; Random article; ... 5 Year Treasury Note: $100,000: 1/4 of 1/32: $7.8125 ... $12.50 [5] E-mini Crude Oil: 500 Barrels: $0.025: $12.50 [6]
Among the beneficiaries of the current state of the oil market are U.S. motorists, who have seen gasoline prices fall to their lowest in 2 1/2 years to near $3 a gallon.
West Texas Intermediate crude oil dipped to $70.50 a barrel. Brent crude, the international benchmark, was nearly flat at $73.52 a barrel. Gold fell almost 2% to $2,704.50. The 10-year Treasury ...
Oil rallied an average of 28% last quarter. Yet don't expect crude to stay at those elevated levels, say analysts at Citi. On Monday West Texas Intermediate settled more than 2% lower at $88.82 ...
WTI ended 2020 at $48.52, down 20.5 percent in its second down year in three years but up 7 percent for the month and more than 20 percent for the quarter. Brent finished at $51.80, down 21.5 percent for the year but up 8.9 percent for December and 26.5 percent for the quarter. A weak dollar and lower than expected U.S. inventories kept oil ...
Despite their efforts, Brent crude, the international benchmark, is down over 12% from its April peak, and the cartel has already delayed an increase in production twice this year. Lagging oil ...