Search results
Results from the WOW.Com Content Network
A fall towards the end of the year is not necessarily surprising, as we move probably from an undersupply to a slight oversupply in the crude oil market here in the near term.
The oil company is steadily reducing its reliance on oil and gas. Oil Prices Are Falling. Here's Why That's Becoming Less of a Concern for Occidental Petroleum.
Crude oil prices spiked last week amid fears the Israel-Hamas war could broaden to other countries — namely Iran — a key global oil producer.. Despite last week's gains, prices are still ...
Crude inventories were rising despite a forecast they would fall. [84] Then oil rose for five straight days, with WTI reaching $67.86, the highest in two weeks, and Brent reached $74.78, the highest since July 30, as U.S. crude supplies fell more than expected. Possible sanctions on Iran have also contributed. [85]
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 ...
On Thursday, West Texas Intermediate crude oil futures fell 4.9% to settle at $72.90 per barrel. Brent ( BZ=F ) crude oil, the international benchmark price, fell by 4.63% to close at $77.42 per ...
The steel crisis was a prolonged downturn in the global steel market, occurring during the 1973–1975 and early 1980s recessions. It followed the post–World War II economic expansion and was exacerbated by the 1973 and 1979 oil crises, persisting well into the 1980s.
Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.1%. For the year ...