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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 ...
Brent crude for October delivery fell 51 cents to $76.30 per barrel. Wholesale gasoline for September delivery rose 1 cent to $2.33 a gallon. Closing prices for crude oil, gold and other commodities
Oil platform in the North Sea. Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself.
Oil prices jumped to a three-month high on Friday, ... with a likely price range of $60-$80 per barrel for Brent spot crude oil. That would be below the $70-$90 per barrel range that dominated ...
U.S. crude futures surpassed $90 per barrel on Thursday for the first time since November 2022. West Texas Intermediate jumped 1.8% to settle at $90.16.Brent crude futures also closed higher, at ...
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] Since 2011, WTI has traded at lower prices than Brent.
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 ...
Brent finished on September 1 up 4.8 percent for the week, the most since July, at $88.49. WTI finished the week up 7.2 percent, the most since March, at $85.02. [31] Oil finished the first full week of September at a nine-month high. Brent ended September 8 at $90.65, highest since November, with WTI at $87.51. [32]