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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 ...
Crude oil prices were down; West Texas Intermediate was $103.55 a barrel, [32] down from over $107 late in March, [33] and Brent Crude $118.16 [32] after peaking above $128 in March. [34] On May 7, benchmark U.S. crude reached $95.34, the lowest price of the year, after voters in France and Greece ousted government officials who would cut ...
Escalating tensions abroad could push oil prices to roughly $90 per barrel, according to one analyst. Prices weren't too far from those levels on Monday, as Brent hovered above $86 per barrel ...
Oil prices jump to 5-month high over increasing worries of supply crunch stemming from sanctions ... rose nearly 3% to settle at $78.82 per barrel, the highest ... have signaled more barrels will ...
JPMorgan forecasts Brent slipping from an average of $80 per barrel this year to $73 per barrel in 2025 and $61 in 2026. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X ...
For many years it was the only freely traded oil in the Middle East, but gradually a spot market has developed in Omani crude as well. For many years, most of the oil producers in the Middle East have taken the monthly spot price average of Dubai and Oman as the benchmark for sales to the Far East (WTI and Brent futures prices are used for ...
Lower investment in new oil production and production cuts by many producers will lead to higher crude prices for years ... A barrel that today costs $100 is the equivalent, in real dollars, to a ...