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- Rising vaccination rates, reopening economies, and the lifting of mass lockdowns resulted in oil demand outpacing supply last year, pushing oil prices from as low as $50 a barrel at the start of 2021 to an annual high of $86 at the end of October, the EIA notes. Brent Crude prices have retreated since late October, to end 2021 at $78 a barrel.
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Jan 4, 2022 · The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in late October before declining in the final weeks of the year. Brent’s 2021 annual average of $71/b is the highest in the past three years.
- Brent
+ News | | | | | | | | | ... Crude oil prices rise above...
- WTI (West Texas Intermediate)
+ News | | | | | | | | | ... Crude oil prices increased in...
- Brent
Jan 5, 2022 · A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years, the...
WTI crude futures rose above $82 per barrel on Friday and were set to advance for the third straight week as an escalating conflict in the Middle East overshadowed demand-side uncertainties. Oil prices are also set to gain more than 6% in June and nearly 15% for the first half of 2024.
Oct 25, 2021 · Brent crude futures increased 56 cents, or 0.7 percent, to $86.09 a barrel, following on from last Friday’s 1.1 percent gain. The contract earlier hit its highest since October 2018 of $86.43.
Oct 18, 2021 · Brent crude oil futures rose 90 cents, or 1.1 percent, to $85.76 a barrel by 0445 GMT, after hitting a session high of $86.04, the highest price since October 2018. US West Texas...
3 days ago · At 07:45 ET (11:45 GMT), Brent oil futures rose 0.6% to $84.70 a barrel, while West Texas Intermediate crude futures gained 0.7% to $81.36 a barrel. US inventories see unexpected build - API
Brent crude futures rose above $85.5 per barrel on Friday and were set to advance for the third straight week as an escalating conflict in the Middle East overshadowed demand-side uncertainties. Brent prices are also set to gain about 6% in June and more than 10% for the first half of 2024.
