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1. • • The real-time price of Brent crude oil is at $84.56 per barrel, and the price of WTI crude oil is at $80.61 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in the US or when referring to US crude oil.
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     Today’s Oil Price: Brent Crude & WTI Oil Prices Today

2. People also ask

   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 The U.S. repealed its 40-year-old ban on exporting crude in December 2015.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 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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   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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   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

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   Will the reopening of the oil market lead to more demand?

   • “The oil market’s biggest wildcard is China and optimism is still strong that the reopening will continue and eventually lead to more demand for crude.” Still, oil is poised to end a volatile year modestly higher. Group of Seven sanctions on Russian flows, and scope for OPEC and its allies to cut supply are boosting prices.

   Crude Oil Prices, Brent, WTI Trends: December 22, 2022 - Bloomberg

   www.bloomberg.com/news/articles/2022-12-21/oil-holds-three-day-advance-after-us-crude-stockpiles-contract

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3. www.bloomberg.com › energyEnergy - Bloomberg

   www.bloomberg.com › energy

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

4. 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 ...

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

   www.bloomberg.com › quicktake › oil-prices

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   Apr 8, 2015 · 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...

   • Video Duration: 6 min

6. 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.

7. www.bloomberg.com › news › articlesCrude Oil Prices, Brent, WTI Trends: December 22, 2022 ...

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   Dec 21, 2022 · WTI for February delivery slipped 80 cents to settle at $77.49 a barrel on the New York Mercantile Exchange. Brent for February settlement fell $1.22 to $80.98 a barrel on the ICE Futures Europe...

8. www.bloomberg.com › news › articlesOil Tops $122 as US Inventory Data Highlights Fuel Supply ...

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   Jun 7, 2022 · The oil market has maintained its upward momentum this year as economies rebounded from the pandemic, though Russia’s invasion of Ukraine and a virus resurgence in China has led to extreme...

9. www.bnnbloomberg.ca › oil-price-news-brent-crudeOil price news: Brent crude hits US$90 a ... - BNN Bloomberg

   www.bnnbloomberg.ca › oil-price-news-brent-crude

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   Apr 4, 2024 · Prices: West Texas Intermediate for May delivery rose 1.4 per cent to settle at $86.59 a barrel. Brent for June settlement gained 1.5 per cent to settle at $90.65 a barrel.