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1. • $85.50 per barrel

     • Today’s Brent crude oil spot price is at $85.50 per barrel, down by 0.00% from the previous trading day. In comparison to one week ago ($ 85.07 per barrel), Brent oil is up 0.67%.
     commodity.com/energy/oil/price/

     Today’s Oil Price: Brent Crude & WTI Oil Prices Today

2. People also ask

   Why did oil prices rise above $85?

   • Get in Touch Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new resolve to bolster its economy, a key engine of global crude consumption.

   Latest Oil Prices, Market News and Analysis for Friday September 1

   www.bloomberg.com/news/articles/2023-08-31/latest-oil-market-news-and-analysis-for-friday-september-1

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   What is the international benchmark for crude oil?

   • Today the international benchmark is Brent crude from the North Sea. The U.S. benchmark, West Texas Intermediate crude, which for years traded at a discount to Brent, has been close to parity in 2016. The U.S. repealed its 40-year-old ban on exporting crude in December 2015.

   Oil Prices - Bloomberg

   www.bloomberg.com/quicktake/oil-prices

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   Why did oil prices spike again in 1979?

   • Prices spiked again in 1979 because of the Iranian revolution. In the 1980s, OPEC infighting, the emergence of new suppliers and the development of futures exchanges gave rise to new market-based prices. Today the international benchmark is Brent crude from the North Sea.

   Oil Prices - Bloomberg

   www.bloomberg.com/quicktake/oil-prices

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   Will oil price flare up this year?

   • Claudio Galimberti, head of global oil macro research at Rystad Energy, joins BNN Bloomberg and says we could see flare ups in the oil price this year as demand continues to outpace active supply. Seasonality and low inventories are really helping oil break out past US$80, says Rebecca Babin, senior energy trader at CIBC Private Wealth.

   Oil - BNN Bloomberg

   www.bnnbloomberg.ca/oil

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   Why did oil prices drop so much?

   • Prices dropped as much as 75 percent over the next 18 months, throwing oil producers into turmoil and roiling global markets. Supply had expanded as the sustained higher prices made techniques such as deep–water drilling and fracking pay off. Then China’s economy slowed and its imports sagged.

   Oil Prices - Bloomberg

   www.bloomberg.com/quicktake/oil-prices

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   How did OPEC change oil prices?

   • In the 1980s, OPEC infighting, the emergence of new suppliers and the development of futures exchanges gave rise to new market-based prices. Today the international benchmark is Brent crude from the North Sea. The U.S. benchmark, West Texas Intermediate crude, which for years traded at a discount to Brent, has been close to parity in 2016.

   Oil Prices - Bloomberg

   www.bloomberg.com/quicktake/oil-prices

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3. www.bloomberg.com › energyEnergy - Bloomberg

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   Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.

4. www.bnnbloomberg.ca › oilOil - BNN Bloomberg

   www.bnnbloomberg.ca › oil

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   Oil company earnings underwhelm despite crude price flirting with US$85 a barrel. Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher.

5. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 20 ...

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   Jun 19, 2024 · June 20, 2024 at 12:16 PM PDT. Listen. 1:39. Oil rose as a drawdown in US crude inventories extended a rally that has been supported by a hot streak for equity markets. West Texas Intermediate ...

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7. www.bloomberg.com › quicktake › oil-pricesOil Prices - Bloomberg

   www.bloomberg.com › quicktake › oil-prices

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   Apr 8, 2015 · Oil Prices. Oil is so much more than a fuel. It’s a force even bigger than its trillion-dollar market. It’s a weapon, a strategic asset, a curse. It’s a maker and spoiler of fortunes, a...

   • Video Duration: 6 min

8. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for Feb. 22 ...

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   Feb 21, 2024 · Latest Oil Prices, Market News and Analysis for Feb. 22 - Bloomberg. Markets. Oil Rises Near Upper End of Range on Signs of Tighter Market. Prompt spreads for Brent, WTI have widened in...

9. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for Friday ...

   www.bloomberg.com › news › articles

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   Aug 31, 2023 · Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new resolve to bolster its economy, a key engine of global crude...

10. oilprice.comCrude Oil Prices Today | OilPrice.com

    oilprice.com

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    Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice.