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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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   9 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. People also ask

   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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   How does weather affect oil prices?

   • The weather in the U.S. market can drastically alter near-term demand for heating oil and natural gas, sending crude oil prices higher. Natural disasters and geopolitical conflicts worldwide can disrupt production and create oil supply shortages.

   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 are oil futures?

   • Futures contracts are agreements to buy or sell a standardized amount of an asset at a specific price on a specific future date. WTI and Brent futures contracts each represent 1,000 barrels of oil per contract. How do you invest in oil futures?

   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 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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