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1. • $82.44 per barrel

     • WTI futures traded at $82.44 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 12.25%.
     www.usatoday.com/money/blueprint/investing/oil-prices-06-28-2024/

     Crude oil prices today: WTI prices are up 12.25% YTD

2. People also ask

   Why did oil prices rise above $85?

   • Get in Touch Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new resolve to bolster its economy, a key engine of global crude consumption.

   Latest Oil Prices, Market News and Analysis for Friday September 1

   www.bloomberg.com/news/articles/2023-08-31/latest-oil-market-news-and-analysis-for-friday-september-1

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   Why did oil prices spike again in 1979?

   • Prices spiked again in 1979 because of the Iranian revolution. In the 1980s, OPEC infighting, the emergence of new suppliers and the development of futures exchanges gave rise to new market-based prices. Today the international benchmark is Brent crude from the North Sea.

   Oil Prices - Bloomberg

   www.bloomberg.com/quicktake/oil-prices

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   Will oil price flare up this year?

   • Claudio Galimberti, head of global oil macro research at Rystad Energy, joins BNN Bloomberg and says we could see flare ups in the oil price this year as demand continues to outpace active supply. Seasonality and low inventories are really helping oil break out past US$80, says Rebecca Babin, senior energy trader at CIBC Private Wealth.

   Oil - BNN Bloomberg

   www.bnnbloomberg.ca/oil

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   What is the international benchmark for crude oil?

   • Today the international benchmark is Brent crude from the North Sea. The U.S. benchmark, West Texas Intermediate crude, which for years traded at a discount to Brent, has been close to parity in 2016. The U.S. repealed its 40-year-old ban on exporting crude in December 2015.

   Oil Prices - Bloomberg

   www.bloomberg.com/quicktake/oil-prices

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3. www.bloomberg.com › energyEnergy - Bloomberg

   www.bloomberg.com › energy

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   Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.

4. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 24 ...

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   5 days ago · June 24, 2024 at 7:39 AM PDT. Listen. 1:41. Oil edged higher, with rising equity markets and a softer dollar providing support. West Texas Intermediate hovered around $81 a barrel, rebounding from ...

5. www.bnnbloomberg.ca › oilOil - BNN Bloomberg

   www.bnnbloomberg.ca › oil

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   Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October. Commodities. 7:45.

6. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 17 ...

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   Jun 16, 2024 · Crude futures surged 3.9% last week, the first weekly gain in nearly a month. The rally was driven in part by a major bout of short-covering, with outright bearish wagers on the global Brent...

7. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for Friday ...

   www.bloomberg.com › news › articles

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   Aug 31, 2023 · WTI is up 7.2% this week for biggest gain since March. Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new resolve...

8. www.bloomberg.com › quicktake › oil-pricesOil Prices - Bloomberg

   www.bloomberg.com › quicktake › oil-prices

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   Apr 8, 2015 · In the 1980s, OPEC infighting, the emergence of new suppliers and the development of futures exchanges gave rise to new market-based prices. Today the international benchmark is Brent crude...

9. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for May 23 ...

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   May 22, 2024 · Latest Oil Prices, Market News and Analysis for May 23 - Bloomberg. Markets. Oil Drifts to February Lows Amid Physical Weakness, Stock Slump. WTI settles below $77 a barrel, the lowest since late...