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- 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.
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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.
Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
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 ...
Jun 13, 2024 · June 14, 2024 at 12:24 PM PDT. Oil posted the largest weekly gain since April after OPEC+ clarified its plan to return some output to the market and fuel markets showed signs of strength. West...
- Julia Fanzeres
Jun 4, 2024 · Oil Climbs as Traders Eye Price Floor Despite US Stockpile Gain. EIA reports crude inventories increased by 1.2 million barrels; Algorithmic traders have exacerbated recent price declines
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....
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...
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