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- The increase was driven by a 5.3 million barrel release from U.S. strategic reserves; the United States has been emptying its reserve to quell the rise in oil prices that began in the spring.
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Sep 28, 2023 · Brent crude oil prices have risen more than 30% in the past three months and are now trading near $93 per barrel, levels not seen since November 2022. Gasoline prices have followed suit and are...
- Wayne Duggan
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...
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.
Jan 11, 2024 · U.S. oil production has touched its highest level on record, and exports of the commodity are on the rise, but a hit to prices from a potential slowdown in demand and a lack of sufficient...
Aug 10, 2022 · U.S. crude stocks rose in the most recent week while U.S. production hit its highest level since April 2020, a signal that high prices are driving further output in the world's largest oil...
Oct 6, 2023 · (2 min) Oil prices were looking like they could hit $100 a barrel. Wall Street thinks that won’t be happening anytime soon. The price of crude oil has been on a roller coaster for the past two...
- bob.henderson@wsj.com
- Reporter
Aug 31, 2023 · U.S. field production of crude oil rose 1.6% in June to 12.844 million barrels per day, the highest since February 2020, before the coronavirus pandemic destroyed demand for fuel and other...
