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The Organization of the Petroleum Exporting Countries (OPEC / ˈ oʊ p ɛ k / OH-pek) is a cartel enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit.
Chevron (NYSE:CVX) is usually seen as the little brother to Exxon Mobil (NYSE:XOM) in the oil patch.Source: JL IMAGES / Shutterstock.com But just as Target (NYSE:TGT) is outperforming its big ...
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 ...
Saudi Arabia's Minister of Energy Abdulaziz bin Salman, center, during a press conference with other leaders Wednesday after the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna, Austria.
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities.
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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).
Congressional Democrats are investigating whether leading US oil companies have illegally colluded with each other and with OPEC to inflate prices at the pump, CNN has learned.