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  2. List of crude oil products - Wikipedia

    en.wikipedia.org/wiki/List_of_crude_oil_products

    The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...

  3. Petroleum in the United States - Wikipedia

    en.wikipedia.org/wiki/Petroleum_in_the_United_States

    Until the 1960s, the price of oil was relatively stable, and the world market could cover the excess demand of oil in the U.S. However, in 1973, the price of oil increased due to the Arab oil embargo against the U.S., following the nation's support of Israel in the Yom Kippur War. During that time, Arab oil producers reduced production by 4.4mb ...

  4. Price of oil - Wikipedia

    en.wikipedia.org/wiki/Price_of_oil

    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 ...

  5. Fact-check: Is domestic oil more affordable than imported oil?

    www.aol.com/news/fact-check-domestic-oil-more...

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  6. Petroleum refining in the United States - Wikipedia

    en.wikipedia.org/wiki/Petroleum_refining_in_the...

    American petroleum refining largely grew out of oil shale refining. When the Drake Well started producing in 1859, the oil shale industry was growing rapidly, and establishing refineries near cannel coal deposits along the Ohio River Valley. As oil production increased, the oil shale refiners discovered that their refining process worked just ...

  7. Buy These Domestic Oil Services Firms - AOL

    www.aol.com/news/2014-03-12-buy-these-domestic...

    Several trends are colliding to make 2014 likely a lucrative one for investors in domestic oil services firms. First, natural gas inventories have plunged 40% below five-year averages. Second ...

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