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Jun 12, 2024 · Oil prices are largely dependent on two factors: geopolitical developments and economic events. These two variables can lead to changes in oil demand and supply levels, which drives oil...
Jun 27, 2024 · Canada’s oil output is booming as producers ramp up projects and extraction amid expanded market access and narrowing discounts of the Canadian heavy crude to the U.S. benchmark.
Jun 14, 2024 · Crude Oil Factors. Geopolitical Risk Premium. (Bullish, Surprise) As there has been no disruption to any supplies so far, prices have shaken off the recent attacks on ships in the Red Sea and also the escalating Israel-Hamas conflict. However, headline risks have the potential to support prices in the near-term.
6 days ago · Light crude oil futures have climbed 2.12% this week, driven by a mix of bullish factors. Geopolitical tensions in the Middle East, an unexpectedly large draw in U.S. crude inventories, and ...
site map: energy statistics / oil & gas prices. notes: • natural gas unit conversion: 1 gj = 0.947 mmbtu • wcs = western canadian select • sco = synthetic crude oil • ab = hardity, alberta • csh = cushing, oklahoma • md = midland, texas • ho = houston, texas • usgc = u.s. gulf coast
Jun 11, 2024 · What drives crude oil prices: Supply OPEC. Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. This organization seeks to actively manage oil production in its member countries by setting production targets. Historically, crude oil prices have seen increases in ...
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Jun 11, 2024 · WHAT DRIVES CRUDE OIL PRICES? An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly
