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   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 has crude risen so much this year?

   • Crude has advanced this year, supported by supply cuts from OPEC+ and political risks in the Middle East, including heightened tensions between Israel and Iran that helped lift Brent above $90 a barrel earlier this month. Israel is stepping up preparations for a potential all-out war with Hezbollah.

   Latest Oil Prices, Market News and Analysis for April 26 - Bloomberg

   www.bloomberg.com/news/articles/2024-04-25/latest-oil-market-news-and-analysis-for-april-26

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   Why are crude prices tracking broader financial markets?

   • Crude prices have tracked broader financial markets amid a muddled outlook for the commodity’s fundamentals. A report Wednesday showed inventories at the key storage hub in Cushing, Oklahoma, swelling to the highest in 10 months, while US gasoline demand improved marginally ahead of the Memorial Day holiday weekend.

   Latest Oil Prices, Market News and Analysis for May 23 - Bloomberg

   www.bloomberg.com/news/articles/2024-05-22/latest-oil-market-news-and-analysis-for-may-23

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   How did Middle East tensions affect oil prices?

   • 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.

   Oil - BNN Bloomberg

   www.bnnbloomberg.ca/oil

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2. 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.

3. 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.

4. Videos

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     bloomberg.com

     BCOMCL Quote - Bloomberg WTI Crude Oil Subindex

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