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The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 a barrel. West Texas Intermediate crude oil futures, the US benchmark, jumped 4.2% to $86 a barrel.
The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. Brent crude , the international benchmark, traded around $73.48 a barrel around ...
HOUSTON (Reuters) -Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025. Brent ...
(Reuters) -Oil prices were little changed on Wednesday, pressured by a large surprise build in U.S. gasoline stocks and worries about U.S. interest rate cuts next year, but prices drew support ...
Oil futures rallied amid the largest crude inventory drop since July, which was offset by an increase in gasoline stockpiles. West Texas Intermediate gained almost 1% to settle at $75.09 a barrel ...
A rig hand works on an electric drilling rig for oil producer Civitas Resources, at the Denver suburbs, in Broomfield, Colorado, U.S, December 2, 2021. Picture taken December 2, 2021. REUTERS/Liz ...
"If Iranian production was interrupted, there could be a rise in global prices of up to $30 per barrel," Jay Hatfield, CEO at Infrastructure Capital Advisors, told Yahoo Finance.
US-led airstrikes on Houthi targets in Yemen rattled energy markets on Friday, sending oil prices sharply higher. US crude climbed as much as 4.5% to $75.25 a barrel Friday morning. Brent crude ...