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Brent crude for October delivery fell 51 cents to $76.30 per barrel. Wholesale gasoline for September delivery rose 1 cent to $2.33 a gallon. Closing prices for crude oil, gold and other commodities
Brent crude futures advanced 0.89% to $76.98 a barrel while U.S. West Texas Intermediate crude was up 0.87% at $74.19. Gold prices gained. Spot gold rose 0.66% to $2,652.80 an ounce.
However, in the early 1990s, Brent and BFOET crude spot markets started to price transactions using assessed Dated Brent prices as benchmark prices, which created a feedback loop that diluted fundamental supply and demand information contained in the assessed Dated Brent price, and created incentives for speculative squeezes. [32]
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.
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 ...
A benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West Texas Intermediate (WTI), Brent Blend , and Dubai Crude .
Spot gold was little changed at $2,613 per ounce, having risen about 27% this year, heading for its biggest yearly gain since 2010. ... Oil prices edged higher, with Brent crude futures rising 0.6 ...
Brent crude futures were flat $71.03 a barrel, while U.S. crude futures dipped 0.2% to $66.88. [O/R] Spot gold jumped 1.1% to $2,590 an ounce, recovering from its sharp fall last week.
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