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Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude exporters — said they would extend output cuts by at least another three months ...
Oil prices rose initially but settled slightly lower Thursday. West Texas Intermediate crude futures, the US benchmark, settled at $69.15 barrel. Brent crude futures, the international benchmark ...
Brent crude for October delivery rose 50 cents to $79.66 per barrel. Wholesale gasoline for September delivery fell 1 cent to $2.39 a gallon. September heating oil fell 2 cents to $2.34 a gallon ...
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 ...
Bloomberg Commodity Index. The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited. The index was originally launched in 1998 as the Dow Jones-AIG Commodity Index (DJ-AIGCI) and renamed to Dow Jones-UBS Commodity Index (DJ-UBSCI) in 2009, when UBS acquired the index ...
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
September 11, 2024 at 11:55 AM. Shutterstock. Brent crude has fallen below a key threshold of $70 per barrel, and analysts expect it to fall further. Falling oil prices lessen the odds of a US ...
However, as of January 2015, the price of oil has decreased to around $50 per barrel. [27] As of September 2021, the price per barrel of crude oil was $69.06. [28] Oil futures dropped on 5 August 2024, due to U.S. recession fears and concerns about Chinese demand, with Brent and WTI falling over 1%.