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Aug 16, 2023 · Factors that affect oil prices such as hurricanes and extreme weather, political events, and OPEC oil production targets and spare crude oil production capacity.
Jan 4, 2023 · The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b. In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases.
Oct 2, 2023 · Crude oil and petroleum statistics. Data for the United States for 2022, unless otherwise indicated. Units are in barrels per day (b/d), except where noted. Prices are nominal prices.
WHAT DRIVES CRUDE OIL PRICES? An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly
Jan 13, 2021 · Numerous uncertainties affect oil and petroleum price forecasts for 2021. Current forecasts indicate moderate and stable oil prices with commercial inventories, additional supply, and high OPEC spare
Crude Oil - data, forecasts, historical chart - was last updated on July 6 of 2024. Crude Oil increased 11.69 USD/BBL or 16.31% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
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The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value. Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946.
