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

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

    News. Science & Tech. Shopping. Sports. Weather. 24/7 Help. ... Crude oil makes up about half the price of a gallon of gasoline, making crude the key factor on top of distribution costs and taxes ...

  3. 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% ...

  4. U.S. crude production reaches record, led by Texas - AOL

    www.aol.com/news/u-crude-production-reaches...

    (The Center Square) – The U.S. oil industry broke another production record this year, averaging 13.4 million barrels per day (b/d) of crude oil in August, according to a new U.S. Energy ...

  5. Get breaking news and the latest headlines on business, entertainment, politics, world news, tech, sports, videos and much more from AOL

  6. Oil falls nearly 5% as demand worries, inventory builds send ...

    www.aol.com/finance/oil-falls-5-demand-worries...

    On Thursday, West Texas Intermediate crude oil futures fell 4.9% to settle at $72.90 per barrel. Brent ( BZ=F ) crude oil, the international benchmark price, fell by 4.63% to close at $77.42 per ...

  7. Crack spread - Wikipedia

    en.wikipedia.org/wiki/Crack_spread

    Energy portal; Crack spread is a term used on the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it. . The spread approximates the profit margin that an oil refinery can expect to make by "cracking" the long-chain hydrocarbons of crude oil into useful shorter-chain petroleum produc

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  9. 2023–2025 world oil market chronology - Wikipedia

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

    The day after oil fell nearly 5 percent to a four-month low, the fourth down week finished with Brent at $80.61 and WTI at $75.89 as a result of continued bad news from China, high U.S. inventories and record production, with sanctions on Russian oil shipments causing prices to increase.