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- Andurand Ditches Famed Oil Trades for Copper and Cocoa
  Pierre Andurand, the trader who rose to fame because of bold bets in the energy markets, is now stepping away from crude oil while sticking with an outlook for higher copper and cocoa prices.
  Bloomberg L.P.
  2 days ago
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www.bloomberg.com › energyEnergy - Bloomberg

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Find natural gas, emissions, and crude oil price changes. Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes. ... Help ©2024 Bloomberg L.P. All ...
www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 20 ...

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Jun 19, 2024 · 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 ’s more-active August contract advanced 0.7% ...
www.bnnbloomberg.ca › oilOil - BNN Bloomberg

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Oil tops US$87 but rally will run into 'wall of supply' soon, CIBC energy trader says. Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October. Commodities.
www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for May 23 ...

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May 22, 2024 · May 23, 2024 at 12:26 PM PDT. Oil slipped as broader investment sentiment soured and traders weighed signs of a weakening physical market ahead of the start of the US summer driving season. West ...
- Author: Julia Fanzeres
www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for Friday ...

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Aug 31, 2023 · Updated on. September 1, 2023 at 12:20 PM PDT. Listen. 2:35. Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new ...
www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for April 26 ...

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Apr 25, 2024 · April 26, 2024 at 12:06 PM PDT. Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. West Texas Intermediate edged higher to ...
People also ask
Why did oil prices rise this week?
Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher. Dan Rohinton, portfolio manager of iA Global Asset Management joins BNN Bloomberg to discuss the top markets movers of the day including oil and gold.

Oil - BNN Bloomberg

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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

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Why are crude prices tracking broader financial markets?
Crude prices have tracked broader financial markets amid a muddled outlook for the commodity’s fundamentals. A report Wednesday showed inventories at the key storage hub in Cushing, Oklahoma, swelling to the highest in 10 months, while US gasoline demand improved marginally ahead of the Memorial Day holiday weekend.

Latest Oil Prices, Market News and Analysis for May 23 - Bloomberg

www.bloomberg.com/news/articles/2024-05-22/latest-oil-market-news-and-analysis-for-may-23
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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

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Why has US crude spread soared to the highest level in a year?
US crude’s prompt spread has surged to the strongest level since November as inventories in the key storage hub of Cushing, Oklahoma, continue to be drawn down. The closely watched spread between the nearest two December contracts for WTI skyrocketed to the widest in a year. Bets on $100 oil are also rising as supplies tighten.

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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Why has crude risen so much this year?
Crude has advanced this year, supported by supply cuts from OPEC+ and political risks in the Middle East, including heightened tensions between Israel and Iran that helped lift Brent above $90 a barrel earlier this month. Israel is stepping up preparations for a potential all-out war with Hezbollah.

Latest Oil Prices, Market News and Analysis for April 26 - Bloomberg

www.bloomberg.com/news/articles/2024-04-25/latest-oil-market-news-and-analysis-for-april-26
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www.bloomberg.com › quicktake › oil-pricesOil Prices - Bloomberg

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Apr 8, 2015 · May 1, 2017 at 11:32 AM PDT. 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 ...