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The Beginning of 24/7 Hours. The innovator of the 24-hour-a-day store is 7-Eleven, which traces its roots to the Southland Ice Company, which sold ice from docks in Dallas and San Antonio in the ...
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 ...
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On July 10, oil prices were the highest in more than a year as a result of lower supplies and trouble in Egypt. In the past week, Brent had climbed 7% to $108.51. Because too much oil was being produced for the infrastructure to handle it, West Texas Intermediate was lower than Brent for several years; it returned to being consistent with Brent.
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]
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