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  2. Crude Oil Price Update – Weekly Chart Strengthens ... - AOL

    www.aol.com/news/crude-oil-price-weekly-chart...

    Based on last week’s close at $59.04 and price action, the direction of the May U.S. WTI crude oil futures contract this week is likely to be determined by trader reaction to the main 50% level ...

  3. 2023–2025 world oil market chronology - Wikipedia

    en.wikipedia.org/wiki/2023–2025_world_oil...

    A lower oil rig count and the Russian cap also contributed, though U.S. crude inventories were the highest since June 2021. [2] For the week ending February 3, oil fell nearly 8 percent, with Brent at one point reaching $79.72, lowest since January 11, and WTI reaching $73.13, lowest since January 5.

  4. West Texas Intermediate - Wikipedia

    en.wikipedia.org/wiki/West_Texas_Intermediate

    West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).

  5. List of traded commodities - Wikipedia

    en.wikipedia.org/wiki/List_of_traded_commodities

    The following is a list of futures contracts on physically traded commodities. Agricultural ... WTI Crude Oil: NYMEX, ICE: 1000 bbl (42,000 U.S. gal) CL (NYMEX), WTI ...

  6. China and Middle East tensions push commodities into the ...

    www.aol.com/finance/china-middle-east-tensions...

    The chart of the day. What we're watching. ... Iron ore futures have surged over 20% in China, ... and Brent crude oil are surging with Iran's missile attack on Israel, with the ...

  7. Key members of OPEC+ alliance are putting off production ...

    www.aol.com/opec-oil-alliance-faces-stagnant...

    U.S. oil price levels of $70 or less “are great for consumers,” said AAA spokesman Andrew Gross. Crude oil makes up about half the price of a gallon of gasoline, making crude the key factor on ...

  8. Benchmark (crude oil) - Wikipedia

    en.wikipedia.org/wiki/Benchmark_(crude_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 .

  9. The US and other crude producers will take more oil market ...

    www.aol.com/us-other-crude-producers-more...

    The organization, led by Saudi Arabia, has voluntarily reduced oil output since mid-2023 in a bid to boost prices. Despite their efforts, Brent crude, the international benchmark, is down over 12% ...

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