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The EIA now expects spot Brent crude prices to average $73.58 a barrel in 2025, down from its previous forecast of $76.06 per barrel. U.S. WTI spot prices will average $69.12 per barrel in 2025 ...
“Headlines regarding a potential cease fire could further reduce crude prices by $3-4, but only if it signifies a genuine move to long lasting peace rather than a temporary pause in hostilities ...
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Today in Energy: Informative content published every weekday that includes a graph or map and a short, timely story written in plain language that highlights current energy issues, topics, and data trends. [7] This Week in Petroleum: Weekly summary and explanation of events in United States and world petroleum markets, including weekly data. [8]
The US Energy Information Administration attributes the price spread between WTI and Brent to an oversupply of crude oil in the interior of North America (WTI price is set at Cushing, Oklahoma) caused by rapidly increasing oil production from unconventional reservoirs such as Canadian oil sands and tight oil formations such as the Bakken ...
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 ...
The firm's commodities analysts say Brent crude prices could drop to the low $60s per barrel by the end of 2026 if President-elect Donald Trump implements his tariff proposals, or if OPEC+ ...
During the final week of May, oil fell for two days in a row, with low demand and high stockpiles in the United States. Brent finished May 30 at $81.86 and WTI at $77.91. [58] The first week of June was the third down week for oil, with Brent finishing down 2.5 percent for the week of June 7 at $79.62 and WTI down 1.9 percent to $75.53.