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1. www.reuters.com › business › energyOil drops as OPEC+ boosts supply even though demand is shaky

   www.reuters.com › business › energy

   Jun 4, 2024 · Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.

   • Oil prices ease on strong dollar, mixed global economic news

     Crude prices eased about 1% on Friday on worries that global...

   • Oil prices up 2% to two-month high on summer demand hopes ...

     Oil prices up 2% to two-month high on summer demand hopes,...

2. www.businessinsider.com › oil-supply-outlookOil Outlook: Market Risks Supply Shortage As Peak Demand Is ...

   www.businessinsider.com › oil-supply-outlook

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   Jun 24, 2024 · Oil prices have climbed higher over the past month as markets weigh the supply and demand outlook. Brent crude has surged 8% from its low in early June, trading around $84.51 a barrel on Monday.

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4. www.reuters.com › business › energyOil prices ease on strong dollar, mixed global economic news

   www.reuters.com › business › energy

   Jun 21, 2024 · Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world.

5. www.usatoday.com › investing › oil-prices-07/01/2024Crude oil prices today: WTI prices are down 0.17% today

   www.usatoday.com › investing › oil-prices-07/01/2024

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   1 day ago · What is the price of crude oil today? WTI futures traded at $82.30 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 12.06%. Brent futures traded around $85.45/bbl, a drop of 0.09% ...

6. www.advisorpedia.com › why-is-crude-oil-droppingWhy Is Crude Oil Dropping? | Advisorpedia

   www.advisorpedia.com › why-is-crude-oil-dropping

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   Jun 6, 2024 · Crude oil prices have fallen by 10% over the last five days and nearly 20% since early April. As we will share, a few factors are negatively impacting the price of crude oil. First, OPEC surprised the markets this past weekend.

7. www.reuters.com › business › energyOil prices up 2% to two-month high on summer demand hopes ...

   www.reuters.com › business › energy

   1 day ago · Oil prices up 2% to two-month high on summer demand hopes, supply worries ... while U.S. West Texas Intermediate (WTI) crude rose $1.84, or 2.3%, to settle at $83.38. ... while a drop in a measure ...

8. People also ask

   Why did crude prices drop 1% on Friday?

   • June 21 (Reuters) - Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world. Prices declined despite signs of improving U.S. oil demand and falling fuel inventories that helped boost crude prices to a seven-week high a day earlier.

   Oil prices ease on strong dollar, mixed global economic news

   www.reuters.com/business/energy/oil-prices-slip-rate-hike-worries-come-into-focus-2024-06-21/

   See all results for this question

   Why did oil prices fall more than $1?

   • LONDON, June 4 (Reuters) - Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from a four-month low in the previous session, Brent crude futures were down $1.11, or 1.4%, at $77.25 a barrel by 1336 GMT.

   Oil drops as OPEC+ boosts supply even though demand is shaky

   www.reuters.com/business/energy/oil-prices-extend-losses-worries-supply-rising-later-2024-2024-06-04/

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   Why have oil prices climbed higher over the past month?

   • Oil prices have climbed higher over the past month as markets weigh the supply and demand outlook. Brent crude has surged 8% from its low in early June, trading around $84.51 a barrel on Monday.

   The oil market is at risk of a supply shortage as peak demand is still 10 y…

   www.businessinsider.com/oil-supply-outlook-shortage-crude-demand-production-opec-prices-brent-2024-6

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   What factors affect crude oil prices?

   • Nearly all the crude oil imported or produced in the U.S. is refined into petroleum products, including gasoline, diesel fuel and heating oil. The prices of U.S. WTI crude oil and international Brent crude oil are influenced by several factors that can change the market’s supply and demand balance.

   Crude oil prices today: WTI prices are down 0.17% today

   www.usatoday.com/money/blueprint/investing/oil-prices-07-01-2024/

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9. blogs.worldbank.org › en › opendataOil market dynamics: The calm after the storm - World Bank Blogs

   blogs.worldbank.org › en › opendata

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   Jun 14, 2024 · Oil prices are projected to average $84 per barrel in 2024, slightly up from $83/bbl in 2023, before declining to $79/bbl in 2025. Potential risks to the outlook include escalation of conflicts, lower-than-expected oil supply in North America, and weaker-than-expected global GDP growth.