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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 ...
Market price data is not only used in real-time to make on-the-spot decisions about buying or selling, but historical market data can also be used to project pricing trends and to calculate market risk on portfolios of investments that may be held by an individual or an institutional investor.
From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here. ... GBP/USD. 1.2767642-0.02%. USD/JPY. 151.76 ... to block the renomination of ...
The Brent Index [39] is the cash settlement price for the Intercontinental Exchange (ICE) Brent Future based on ICE Futures Brent index at expiry. The index represents the average price of trading in the 25-day Brent Blend, Forties, Oseberg, Ekofisk (BFOE) market in the relevant delivery month as reported and confirmed by the industry media.
By December 12, both Brent and WTI reached their lowest prices since 2009; Brent dropped to $62.75 a barrel and WTI slid to $58.80 . [97] Later in the month the price of oil was down 50% since April. Economic problems in Europe and Asia, high gas mileage, a strong dollar, higher U.S. production and no action by OPEC have been credited.
The stock pushed the communication services sub-sector up 1.8% to an all-time high. Some gains were offset by a 7.2% decline in Oracle after the cloud computing company missed Wall Street ...
Here's how a US trade war between Mexico, Canada, and China could play out for the stock market. Filip De Mott. December 4, 2024 at 1:19 PM. Kamil Krzaczynski/AFP via Getty Images.
Brent is not as light or as sweet as WTI but it is still a high-grade crude. The OPEC basket is slightly heavier and more sour than Brent. As a result of these gravity and sulfur differences, (at least before 2011) WTI is typically traded at a dollar or two premium to Brent and another dollar or two premium to the OPEC basket. [ 4 ]