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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 ...
With Russia in its 13th day of war on Ukraine, oil markets have been in full panic mode for the past month or so, but not because of any significant threat to the United States.
December 12: Speaking in New York during a U.S. visit by Angolan President Eduardo dos Santos, Joaquim David, president of the state-owned oil company, Sonangol, states that Angola will increase its crude oil production by 10 percent per year over the next five years, reaching 720 million barrels per day (114,000,000 m 3 /d) by the end of 1996 ...
Blinder and Watson estimated that the S&P 500 returned 8.4% annually on average under Democrats versus 2.7% under Republicans, a difference of 5.7% percentage points. This computation used the average value in last year of the president's term, minus the average value in last year of previous term. [1]
Former President Jimmy Carter passed away at the age of 100 on Sunday, and his White House tenure, which was marked by high inflation, has drawn parallels to President Joe Biden's.
Year to date, WTI is up more than 6%, while Brent crude has gained more than 5% during the same period. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre .
April 21, 2020 – Oil prices reach a record low, falling into negative values, due to the ongoing COVID-19 pandemic and the Russia–Saudi Arabia oil price war. April 27, 2020 – The US Pentagon releases three UFO videos. [22] April 30, 2020 – Armed protesters enter the Michigan State Capitol building to demand an end to lockdown measures.
Energy investors certainly did, however, because 2020 was one of the worst years in history for energy producers. Exxon Mobil notched the first loss in its history, a gigantic $22 billion write-off.