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Although oil went up 2 percent June 13 after attacks on tankers, for the week oil was down as a result of forecasts for lower worldwide demand, with WTI finishing at $52.51 and Brent at $62.01. [116] The next week WTI rose almost 9 percent for the week, the most since December 2016, to $57.43, the highest finish for the month.
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On March 5, 2008, OPEC accused the United States of economic "mismanagement" that was pushing oil prices to record highs, rebuffing calls to boost output and laying blame at the George W. Bush administration. [28] Oil prices surged above $110 to a new inflation-adjusted record on March 12, 2008, before settling at $109.92. [29]
Crude oil prices were on a roller coaster ride in 2022, going north of $130/barrel in March amid the Russian invasion of Ukraine. Today, West Texas Intermediate is trading at around $80 while ...
Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a backdrop ... JPMorgan forecasts Brent slipping from an average of $80 per barrel this year to $73 per ...
Over the next three days, the increase in oil prices erased the previous week's losses. WTI climbed to $68.36 and Brent to $72.25 on August 25. Fuel demand in the U.S. was the highest since before the pandemic, U.S. crude inventories were the lowest since January 2020, and China reported fewer new COVID-19 cases. [59]
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NEW YORK (Reuters) -Oil prices settled close to unchanged on Thursday, pressured by a forecast for ample supply in the oil market but supported by rising expectations of a Federal Reserve interest ...