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Jan 4, 2022 · Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. 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 ...
- Brent
Crude oil prices increased in 2021 as global crude oil...
- WTI (West Texas Intermediate)
Crude oil prices increased in first-half 2022 and declined...
- 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.
We project prices for Dated Brent and WTI to ease after peaking in third quarter 2021. Our crude oil price outlook is largely unchanged from last month’s outlook. Our projection for Dated Brent in second half 2021 is to average $70.75/bbl and for WTI to average $67.90/bbl.
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.
Jul 2, 2021 · Oil prices surged more than 45% in the first six months of 2021, rallying toward $80 a barrel for the first time in more than two and a half years. Analysts on Wall Street believe there is...
Aug 12, 2021 · Crude oil held in short term floating storage increased by 4.5 mb to 103.6 mb in July. The 2Q21 crude price rally lost steam in July on fears that new Covid-19 Delta cases and weaker economic indicators could slow the oil demand recovery just as more supply hit the market.
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Oct 19, 2021 · Analysts at Goldman Sachs predicted last week that the price of a barrel of oil could average $85 for the next few years. But some traders are betting that oil will rise much more. The most...
