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1. www.usatoday.com › investing › oil-prices-07/08/2024Crude oil prices today: WTI prices are down 1.59% today

   www.usatoday.com › investing › oil-prices-07/08/2024

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   10 hours ago · West Texas Intermediate prices have drifted lower in 2024, but prices are up 15.09% over the past three years. WTI crude fell to its 52-week low of $67.81 per barrel on Dec. 13, 2023. It reached ...

2. en.wikipedia.org › wiki › Economy_of_EgyptEconomy of Egypt - Wikipedia

   en.wikipedia.org › wiki › Economy_of_Egypt

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   21 hours ago · In late 2001, Egypt's benchmark "Suez Blend" was about US$16.73 per barrel ($105/m 3), the lowest price since 1999. Egypt's oil consumption is overtaking oil production. Crude oil production has been in decline for several years since its peak level in 1993, from 941,000 bbl/d (149,600 m 3 /d) in 1993 to 873,000 bbl/d (138,800 m 3 /d) in 1997 ...

3. People also ask

   How do investors speculate on crude oil prices?

   • One of the most popular ways investors speculate on crude oil and other commodity prices is by trading futures contracts. Futures contracts are agreements to buy or sell a standardized amount of an asset at a specific price on a particular future date. The most popular WTI crude oil futures contracts are traded on the NYMEX.

   Crude oil prices today: WTI prices are down 1.59% today

   www.usatoday.com/money/blueprint/investing/oil-prices-07-08-2024/

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   How do I buy and sell crude oil futures contracts?

   • To buy and sell crude oil futures contracts, you must open a brokerage account that offers commodity futures trading. The primary futures contracts for WTI crude oil trades on the NYMEX under CL. The primary futures contracts for Brent crude oil trades on the ICE under the symbol B.

   Crude oil prices today: WTI prices are down 1.59% today

   www.usatoday.com/money/blueprint/investing/oil-prices-07-08-2024/

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   What factors affect crude oil prices?

   • Nearly all the crude oil imported or produced in the U.S. is refined into petroleum products, including gasoline, diesel fuel and heating oil. The prices of U.S. WTI crude oil and international Brent crude oil are influenced by several factors that can change the market’s supply and demand balance.

   Crude oil prices today: WTI prices are down 1.59% today

   www.usatoday.com/money/blueprint/investing/oil-prices-07-08-2024/

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   What happened to Brent crude oil prices?

   • Brent crude oil prices hit their all-time high of $147.50/bbl during the oil market boom in July 2008. However, WTI futures contract prices dropped to as low as negative $40/bbl on April 20, 2020, driven largely by a lack of U.S. storage options during the COVID-19 pandemic.

   Crude oil prices today: WTI prices are down 1.59% today

   www.usatoday.com/money/blueprint/investing/oil-prices-07-08-2024/

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