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Oil prices could surge over 60% by early next year in the most bullish scenario, according to Citi. Anton Petrus/Getty Images The price of oil could hit $120 a barrel by early 2025, according to Citi.
Oil prices are expected to stay in the mid-$80 range this summer, but increasing supply and slowing demand will bring down prices next year, according to Citi analysts. ... global oil stock ...
Refined oil products have been on the rise. Gas prices hit new 2023 highs Monday with the national average at $3.88, according to AAA.The price of diesel, which is used to transport goods via ...
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
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 oil dropped 0.49% to $77.47 a barrel. Brent crude , the international benchmark, was lower by 0.59%, at $80.81 a barrel. Gold declined 0.42% to $2,739.40 an ounce.
Oil is set to go lower after gaining 28% in the third quarter, according to Citi's commodity analysts.
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