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NEW YORK (Reuters) -Oil prices climbed more than $2 a barrel on Monday after news that crude production at Norway's Johan Sverdrup oilfield had been halted, which added to earlier gains stemming ...
Oil futures rose as Kyiv said Moscow launched a long-range intercontinental ballistic ... Thursday's surge in prices comes despite a recent bigger-than-expected rise in US weekly crude inventories.
The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. ... Brent crude, the international benchmark, traded around $73.48 a barrel ...
The year-to-date rise in oil prices comes amid rising tensions in the Middle East, drone attacks against Russian refineries, and expectations that OPEC+ will maintain its production cuts at least ...
The price of Saudi light crude sold to Asia fell to the lowest since November 2021. [1] Oil rose for the next two weeks, with Brent ending at $87.63 and WTI at $81.31, with loosening of restrictions in China a big reason, along with expectation of smaller interest rate increases.
The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118] On 5 October 2021, crude oil prices reached a multiyear high but retreated by 2% the following day.
Oil prices are expected to jump this summer on demand for transportation and cooling. Goldman Sachs analysts forecast Brent crude prices to rise to $86 per barrel, almost a 7% increase from ...
Plans for the U.S. to buy oil to refill the Strategic Petroleum Reserve also helped prices rise, with WTI up for the week to $74.29. [141] The following week, with Russia threatening to cut output due to a price cap, oil rose the most in a week since October, with Brent reaching $83.92 and WTI up to $79.56.
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