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Amid the ongoing geopolitical concerns, energy prices climbed, and West Texas intermediate crude oil prices rocketed further above $100 per barrel to top $112 and reach the highest level since 2011.
West Texas Intermediate crude oil rose 1.3% to $78.54 a barrel. Brent crude , the international benchmark, was higher by 1.1% to trade at $80.79 a barrel. Gold edged up 0.8% to $2,703.50 an ounce.
Brent crude has rallied from the low $70s in late December to $80 as of Friday. Goldman Sachs is warning of potential upside risks to oil prices following U.S. sanctions on Russia's energy sector ...
West Texas intermediate crude sank to just over $110 per barrel, while Brent crude traded just above $112 per barrel Wednesday afternoon. Gas prices at the pump, however, spiked to a fresh high ...
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 ...
In energy markets, crude oil futures were off more than 8% to trade below $96 a barrel as commodities remain under pressure amid investor fears of a global recession.
Stock market news live updates: Stocks crater, Dow hits 2022 low, and oil plunges as Fed and growth fears roil markets ... In commodity markets, crude oil fell sharply, with West Texas ...
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