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  2. Why oil prices have plunged 3% today - AOL

    www.aol.com/why-oil-prices-plunged-3-164258897.html

    Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday ...

  3. Why oil prices have cratered to their lowest level in nearly ...

    www.aol.com/why-oil-prices-cratered-lowest...

    Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's economy, are pressuring prices.

  4. Oil jumps 2% on falling US inventories, drone strikes on ...

    www.aol.com/finance/oil-jumps-2-falling-us...

    On Tuesday oil alliance OPEC maintained its prior forecast for global oil demand to grow by 2.2 million barrels per day in 2024. In March OPEC+ extended output cuts of 2.2 million per day into the ...

  5. Oil prices have been falling for seven weeks straight. Here’s why

    www.aol.com/oil-prices-falling-seven-weeks...

    In the near term, as far as the demand for crude oil markets, it’s been a little different. Last month imports fell by about 10% from the month prior, and there’s been a year-over-year drop of ...

  6. Negative pricing - Wikipedia

    en.wikipedia.org/wiki/Negative_pricing

    Crude oil futures prices on the New York Mercantile Exchange in March, April, and May 2020. In March and April 2020, demand for crude oil dropped dramatically as a result of travel restrictions related to the COVID-19 pandemic. [8] Meanwhile, an oil price war developed between Russia and Saudi Arabia, and both countries increased production. [7]

  7. 1980s oil glut - Wikipedia

    en.wikipedia.org/wiki/1980s_oil_glut

    The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).

  8. Oil pares losses after falling 2% as dollar jumps on Trump ...

    www.aol.com/finance/oil-pares-losses-falling-2...

    Oil futures dropped as much as 2% on Wednesday before paring losses as traders weighed what Donald Trump's presidential victory could mean for energy prices.

  9. 2010s oil glut - Wikipedia

    en.wikipedia.org/wiki/2010s_oil_glut

    Large build in stock in late 2014 Crude oil production in the United States increased from about 6 million barrels of oil a day in 2011 to almost 10 million barrels of oil a day in late 2014 The 2010s oil glut was a significant surplus of crude oil that started in 2014–2015 and accelerated in 2016, with multiple causes.