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  1. www.nytimes.com › 2024/04/09 › businessWhy Oil Prices Have Been Rising Recently - The New York Times

    Apr 9, 2024 · In 2023, strong growth in crude output from the United States, the world’s largest oil producer, and other countries outside the Organization of Petroleum Exporting Countries helped reassure...

  2. markets.businessinsider.com › news › etfCrude Conundrum: US Oil Production Hits Record Levels, But ...

    Dec 11, 2023 · U.S. oil production is at record levels, as data from the Energy Information Administration puts 2023 production of crude oil on its way to break pre-pandemic records. The U.S. has been the...

    • Natan Ponieman

  3. www.wsj.com › finance › commodities-futuresWhy Oil Prices Soared—and Why They Are Sinking Now - WSJ

    Oct 6, 2023 · The price of crude oil has been on a roller coaster for the past two years, and surged this summer to hit $94 on Sept. 27, its highest level of the year.

    • bob.henderson@wsj.com
    • Reporter

  4. money.usnews.com › investing › newsOil Climbs 3% as Steep US Crude Stocks Draw Adds to Supply ...

    Sep 26, 2023 · HOUSTON (Reuters) - Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight global supplies. Brent crude...

  5. www.cnbc.com › 2023/09/28 › oil-rises-on-us-crudeOil prices hit highest level in more than a year after U.S ...

    Sep 28, 2023 · U.S. oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the United States added to worries over tight global supplies from OPEC+ output cuts.

  6. www.nytimes.com › 2022/02/02 › businessWhy Are Oil Prices So High and Will They Stay That Way?

    Feb 2, 2022 · Feb. 2, 2022. HOUSTON — Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence. Crude prices rose more than 15 percent in...

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  8. www.eia.gov › todayinenergy › detailCrude oil prices increased in first-half 2022 and declined in ...

    Jan 4, 2023 · High crude oil prices led to lower U.S. gasoline demand as gasoline prices rose. Meanwhile, severe COVID-19 containment measures in China contributed to lower global petroleum demand. On December 8, the price of Brent crude oil reached the lowest 2022 price, at $75/b.