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2. • • Oil dropped to the lowest in more than three months as the market flashed signs of weakness, despite expectations for OPEC+ to continue its output cuts. Brent crude dipped below US$81 a barrel, while West Texas Intermediate declined near to $76. Both benchmarks are set for a weekly loss.
     Reference:

     Oil price news: Oil drops to lowest in over 3 ... - BNN Bloomberg

3. 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

   www.bnnbloomberg.ca/oil

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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 The U.S. repealed its 40-year-old ban on exporting crude in December 2015.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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   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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   How did Middle East tensions affect oil prices?

   • 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.

   Oil - BNN Bloomberg

   www.bnnbloomberg.ca/oil

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

   www.bnnbloomberg.ca › oil

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   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. 7:45. OPEC cuts are creating a sizeable oil supply deficit, which looks to continue: researcher.

5. 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.

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

   www.bloomberg.com › news › articles

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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 ...

7. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for April 26 ...

   www.bloomberg.com › news › articles

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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...

8. www.bloomberg.com › news › articlesLatest Oil Market News and Analysis for June 13 - Bloomberg

   www.bloomberg.com › news › articles

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   Jun 12, 2024 · 2:01. Oil steadied after strong gains to start the week, with US economic data signaling inflation is cooling while Russia agreed to dial back output. A report on Thursday showed US producer...

   • Author: Julia Fanzeres

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

   www.bloomberg.com › quicktake › oil-prices

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   Apr 8, 2015 · An Oxford Energy report on the history of oil pricing. U.S. Energy Department data. The International Energy Agency’s monthly oil market report. Joint database of global energy ministers....

10. www.bloomberg.com › news › articlesCrude Oil Price Holds Near Lowest Since January With Demand ...

    www.bloomberg.com › news › articles

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    Sep 26, 2022 · WTI for November delivery rose $1.79 to settle at $78.50 in New York. Brent for November settlement climbed $2.21 to settle at $86.27 a barrel. Top traders have also indicated wariness about...