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8 hours ago · WTI futures traded at $78.64 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 7.08%. Brent futures traded at $80.84/bbl, a drop of 0.07% in the last 24 hours. Year to date, Brent ...
19 hours ago · Shortly after initial energy price shocks caused by the Russian invasion of Ukraine had subsided, oil companies found that supply chain constrictions, already exacerbated by the ongoing global pandemic, supported price inelasticity, i.e., they began lowering prices to match the price of oil when it fell much more slowly than they had increased their prices when costs rose.
