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   Why did oil prices rise 1% on Monday?

   • NEW YORK, June 24 (Reuters) - Oil prices rose about 1% on Monday, spurred by the prospect of strong summer driving demand and as tensions in the Middle East and drone attacks on Russian refineries led to concerns about supply. An easing U.S. dollar added to the crude price strength.

   Oil prices rise on fuel demand expectations, easing US dollar

   www.reuters.com/business/energy/oil-extends-losses-strong-dollar-weighs-commodities-markets-2024-06-24/

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   What factors affect crude oil prices?

   • Nearly all the crude oil imported or produced in the U.S. is refined into petroleum products, including gasoline, diesel fuel and heating oil. The prices of U.S. WTI crude oil and international Brent crude oil are influenced by several factors that can change the market’s supply and demand balance.

   Crude oil prices today: WTI prices are up 11.57% this year

   www.usatoday.com/money/blueprint/investing/oil-prices-06-27-2024/

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   Why did crude prices rise 3% last week?

   • However, both benchmark crude contracts gained about 3% last week on signs of stronger oil products demand in the U.S., world's largest consumer, and as OPEC+ cuts kept supply in check.

   Oil eases as strong dollar weighs on commodities markets

   finance.yahoo.com/news/oil-extends-losses-strong-dollar-005306718.html

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   How do investors speculate on crude oil prices?

   • One of the most popular ways investors speculate on crude oil and other commodity prices is by trading futures contracts. Futures contracts are agreements to buy or sell a standardized amount of an asset at a specific price on a particular future date. The most popular WTI crude oil futures contracts are traded on the NYMEX.

   Crude oil prices today: WTI prices are up 11.57% this year

   www.usatoday.com/money/blueprint/investing/oil-prices-06-27-2024/

   See all results for this question

   Why are oil prices so strong?

   • "The chief underlying reason behind the price strength ... is the growing confidence that global oil inventories will inevitably plunge during the summer in the northern hemisphere," said Tamas Varga of oil broker PVM, referring to seasonal demand for oil products.

   Oil prices rise on fuel demand expectations, easing US dollar

   www.reuters.com/business/energy/oil-extends-losses-strong-dollar-weighs-commodities-markets-2024-06-24/

   See all results for this question

   How did the easing US dollar affect crude prices?

   • An easing U.S. dollar added to the crude price strength. Brent futures for August delivery settled at $86.01 a barrel, gaining 77 cents, or 0.9%. U.S. crude settled at $81.63 a barrel, gaining 90 cents, or 1.1% Both benchmarks advanced about 3% last week for their second consecutive weekly upswing.

   Oil prices rise on fuel demand expectations, easing US dollar

   www.reuters.com/business/energy/oil-extends-losses-strong-dollar-weighs-commodities-markets-2024-06-24/

   See all results for this question

2. www.usatoday.com › investing › oil-prices-06/27/2024Crude oil prices today: WTI prices are up 11.57% this year

   www.usatoday.com › investing › oil-prices-06/27/2024

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   1 day ago · What is the price of crude oil today? WTI futures traded at $81.94 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 11.57%. ... Crude oil is one of the most important commodities in ...

3. www.cnbc.com › 2024/06/24 › crude-oil-prices-todayCrude oil prices today: WTI, Brent rise as Israel-Lebanon ...

   www.cnbc.com › 2024/06/24 › crude-oil-prices-today

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   4 days ago · Here are Monday’s closing energy prices: West Texas Intermediate August contract: $81.63 per barrel, up 90 cents, or 1.11%. Year to date, U.S. oil is up 13.9%. Brent August contract: $86.01 per ...

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5. www.argusmedia.com › en › commoditiesLatest crude oil prices, news, and market insights | Argus Media

   www.argusmedia.com › en › commodities

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   3 days ago · Access the latest crude oil prices and global market dynamics. In-depth analysis, news, and real-time updates on crude indexes. Your go-to source for oil insights.

6. finance.yahoo.com › news › oil-extends-losses-strongOil prices rise on fuel demand expectations, easing US dollar

   finance.yahoo.com › news › oil-extends-losses-strong

   • Cached

   5 days ago · NEW YORK (Reuters) -Oil prices rose about 1% on Monday, spurred by the prospect of strong summer driving demand and as tensions in the Middle East and drone attacks on Russian refineries led to...

7. www.reuters.com › business › energyOil prices rise on fuel demand expectations, easing US dollar

   www.reuters.com › business › energy

   4 days ago · NEW YORK, June 24 (Reuters) - Oil prices rose about 1% on Monday, spurred by the prospect of strong summer driving demand and as tensions in the Middle East and drone attacks on Russian...

8. www.nasdaq.com › market-activity › commoditiesCrude Oil Price: Latest Futures Prices, Charts & Market News ...

   www.nasdaq.com › market-activity › commodities

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   3 days ago · Get the latest Crude Oil price (CL:NMX) as well as the latest futures prices and other commodity market news at Nasdaq.

9. www.bloomberg.com › quote › BCLSE:INDBCLSE Quote - Bloomberg WTI Crude Oil Single ER Index

   www.bloomberg.com › quote › BCLSE:IND

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   1 day ago · Index performance for Bloomberg WTI Crude Oil Single ER (BCLSE) including value, chart, profile & other market data.