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2. • • 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.
     www.bnnbloomberg.ca/oil

     Oil - BNN Bloomberg

3. 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

   See all results for this question

   Why are crude trading volumes lower on Monday?

   • Crude trading volumes, especially for WTI, may be lower than usual on Monday as the US marks the Juneteenth holiday. Oil has retreated in the first half of the year as China’s lifting of its Covid Zero restrictions underwhelmed lofty expectations, while global supplies, including from Russia, remained abundant.

   Latest Oil Market News and Analysis for June 19 - Bloomberg

   www.bloomberg.com/news/articles/2023-06-18/crude-oil-prices-edge-lower-after-last-week-s-gain-with-focus-on-second-half

   See all results for this question

   How much should crude oil cost in geopolitical supply?

   • Crude oil should be pricing in about $12 in geopolitical supply d... Oil inched higher, aided by gains across markets as China sought to stimulate its economy, and ahead of U.S. inventory data due later. Global benchmark Brent edged toward US$80 a barrel though it remains steadfastly rangebound.

   Oil price news: Oil edges higher as wider markets rally before U.S

   www.bnnbloomberg.ca/oil-price-news-oil-edges-higher-as-wider-markets-rally-before-u-s-stockpile-data-1.2025809

   See all results for this question

   Are investors finally realizing that oil demands?

   • Rystad Energy says investors are finally realizing that oil deman... Crude oil should be pricing in about $12 in geopolitical supply d... Oil inched higher, aided by gains across markets as China sought to stimulate its economy, and ahead of U.S. inventory data due later.

   Oil price news: Oil edges higher as wider markets rally before U.S

   www.bnnbloomberg.ca/oil-price-news-oil-edges-higher-as-wider-markets-rally-before-u-s-stockpile-data-1.2025809

   See all results for this question

   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

   See all results for this question

   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

   See all results for this question

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

   www.bloomberg.com › news › articles

   • Cached

   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 ...

   • Energy - Bloomberg

     Get updated data about energy and oil prices. Find natural...

   • Latest Oil Market News and Analysis for July 25 - Bloomberg

     Oil Rallies as Tight Supplies Counter Expectations of a...

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

   www.bnnbloomberg.ca › oil

   • Cached

   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.

6. www.bloomberg.com › energyEnergy - Bloomberg

   www.bloomberg.com › energy

   • Cached

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

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

   www.bloomberg.com › news › articles

   • Cached

   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...

8. www.bloomberg.com › news › articlesLatest Oil Market News and Analysis for June 19 - Bloomberg

   www.bloomberg.com › news › articles

   • Cached

   Jun 18, 2023 · Latest Oil Market News and Analysis for June 19 - Bloomberg. Markets. Oil Falls as China’s Stimulus Seen Insufficient to Spur Demand. Trading volumes may be lower than usual amid US...

9. www.bnnbloomberg.ca › oil-price-news-oil-edgesOil price news: Oil edges higher as wider markets rally ...

   www.bnnbloomberg.ca › oil-price-news-oil-edges

   • Cached

   Jan 24, 2024 · Crude oil should be pricing in about $12 in geopolitical supply d... Oil inched higher, aided by gains across markets as China sought to stimulate its economy, and ahead of U.S. inventory data due later. Global benchmark Brent edged toward US$80 a barrel though it remains steadfastly rangebound.

10. www.bloomberg.com › news › articlesLatest Oil Market News and Analysis for July 25 - Bloomberg

    www.bloomberg.com › news › articles

    • Cached

    Jul 24, 2022 · Oil Rallies as Tight Supplies Counter Expectations of a Slowdown. Physical crude cargoes are changing hands at large premiums; Economic slowdown fears remain a bearish cap on prices