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Plans for the U.S. to buy oil to refill the Strategic Petroleum Reserve also helped prices rise, with WTI up for the week to $74.29. [141] The following week, with Russia threatening to cut output due to a price cap, oil rose the most in a week since October, with Brent reaching $83.92 and WTI up to $79.56.
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Heavy selling drove oil prices sharply lower on Thursday, marking another positive development for inflation just ahead of the Thanksgiving travel rush. Oil tumbles nearly 6% to four-month lows ...
Oil extended gains to hit a five-month high on Monday as worries grew over supply disruptions impacting big importers China and India following wide-ranging sanctions against Russian crude ...
West Texas Intermediate crude prices hit $90.25 Thursday, surpassing $90 for the first time since last November. The report comes just more than a week after Saudi… Oil prices hit 10-month high
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, was 13.7% lower last year than the 2022 average, but its measures of sugar ...