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- 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.
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Mar 6, 2022 · Crude oil prices rose up sharply amid concerns of a supply crunch even after countries agreed to release oil from reserves around the world. Oil prices surged to highest since 2008...
- 2 min
- 49.4K
- WION
Dec 28, 2023 · 75K views 4 months ago. As the year comes to a close, gas prices in the U.S are at their lowest point of 2023. And not coincidentally, domestic oil production is at a record level. But it...
- 7 min
- 75.5K
- PBS NewsHour
Dec 5, 2022 · Oil prices have risen after a new cap on the price of Russian crude, agreed by the G7 group of major economies, came into force. The cap at $60 a barrel is to "prevent Russia from profiting...
- 4 min
- 197.2K
- BBC News
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 ...
Nov 8, 2021 · Business. Why are oil prices so high? And what can be done about it? PolitiFact | The U.S. could increase production on its own, but not as quickly or effectively as OPEC and Russia. A...
- ljacobson@politifact.com
- Politifact Chief Correspondent
Nov 13, 2021 · Crude oil prices have climbed more than 60% this year amid strong demand and snarled supply chains, prompting President Joe Biden to pressure Saudi Arabia and other exporters to ramp up oil ...
Sep 22, 2021 · NEW YORK, Sept 22 (Reuters) - Oil prices settled higher on Wednesday after U.S. crude stocks fell to their lowest levels in three years as refining activity recovered from recent storms. Despite...