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7 hours ago · What is the price of crude oil today? WTI futures traded at $78.51 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 6.90%. Brent futures traded at $80.79/bbl, an increase of 1.16% ...
18 hours ago · Fluctuations of OPEC net oil export revenues since 1972, showing elevated inflation-adjusted levels during 1974–1981 and 2005–2014. Petrodollar recycling is the international spending or investment of a country's revenues from petroleum exports ("petrodollars").
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18 hours ago · Imported oil accounts for 20% of the processed crude in China. [ citation needed ] Net imports are expected to rise to 3.5 million barrels (560,000 m 3 ) per day by 2010. [ citation needed ] China is interested in diversifying the sources of its oil imports and has invested in oil fields around the world.
18 hours ago · In August 2011, "confidential documents" were leaked "detailing the positions" in the oil futures market of several investment banks, including Goldman Sachs, Morgan Stanley, JPMorgan Chase, Deutsche Bank, and Barclays, just before the peak in gasoline prices in the summer of 2008. The presence of positions by investment banks on the market was significant for the fact that the banks have deep ...
