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Brent crude oil, the international benchmark price, fell by 4.63% to close at $77.42 per barrel. Over the last month, WTI crude oil is down more than 16% while the price of Brent crude is off more ...
Benchmark U.S. crude oil for September delivery rose 26 cents to $73.20 per barrel Tuesday. Brent crude for October delivery rose 18 cents to $76.48 per barrel. Wholesale gasoline for September ...
The first week of June was the third down week for oil, with Brent finishing down 2.5 percent for the week of June 7 at $79.62 and WTI down 1.9 percent to $75.53. Positive U.S. economic news suggested a delay in reducing U.S. interest rates, while the European Central Bank did lower rates for the first time since 2019. Chinese imports were ...
"Our view remains that given the US dollar strength and high borrowing costs, oil prices substantially above $90 can cause severe disruptions in the global oil demand — as was the case in March ...
Both WTI and Brent crude began the year above $60 for the first time since 2014. [146] With U.S. inventories the lowest in three years, and cold weather decreasing U.S. production, oil reached its highest price since December 2014 in mid-January. On January 15, Brent crude reached $70.37, and the next day, WTI hit $64.89.
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 ...
West Texas Intermediate crude prices hit $90.25 Thursday, surpassing $90 for the first time since last November. The report comes just more than a week after Saudi… Oil prices hit 10-month high
After Saudi Arabia promised further production cuts, WTI reached $51.28 on January 7 and Brent climbed as high as $54.90, the highest since before COVID-19. [36] On January 14, a weaker dollar and an expected COVID-19 relief package helped oil move slightly higher, with WTI at $53.57 and Brent at $56.42, though Europe was experiencing more lockdowns and China had a higher number of COVID-19 ...