Search results
Results from the WOW.Com Content Network
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 ...
Oil finished January up 18.5 percent (the best ever with records going back as far as 1984) with WTI at $53.79 one day after its highest finish since November, and Brent up 15 percent for the month to $61.89; both gains were the most for a month since April 2016. [156]
Over the next three days, the increase in oil prices erased the previous week's losses. WTI climbed to $68.36 and Brent to $72.25 on August 25. Fuel demand in the U.S. was the highest since before the pandemic, U.S. crude inventories were the lowest since January 2020, and China reported fewer new COVID-19 cases. [59]
Indications of a world oil glut lead to a rapid decline in world oil prices early in 1982. OPEC appears to lose control over world oil prices. March: Damascus closes Iraq's 400,000 bbl/d (64,000 m 3 /d) trans-Syrian oil export pipeline to show support for Iran. March 11: U.S. boycotts Libyan crude. May 24:Iran recaptures Khorramshahr.
The US is pumping a record amount of oil. But that may not be welcome news to other crude-producing nations. Domestic output reached 13.4 million barrels a day in August, eclipsing all previous ...
Over eight days, oil was up 17 percent. [102] Oil finished January up 18.5 percent (the best ever with records going back as far as 1984) with WTI at $53.79 one day after its highest finish since November, and Brent up 15 percent for the month to $61.89; both gains were the most for a month since April 2016.
Oil extended gains as markets priced the supply ... Oil prices jump to 5-month high over increasing worries of supply crunch stemming from sanctions ... rose nearly 3% to settle at $78.82 per ...
After rising for five days in a row, Brent futures fell 21 cents, or 0.3%, to settle at $76.30 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 40 cents, or 0.5%, to settle at $73.56.