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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.
Dec 2, 2021 · Oil slid for a sixth straight week, marking the longest stretch of weekly declines since 2018, as the omicron variant jolts markets and OPEC+ continues to hike supply.
- Julia Fanzeres
- 5 min
Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
Dec 21, 2021 · Oil settled at the highest level in nearly a month after U.S. crude stockpiles decreased and economic data pushed equities higher. West Texas Intermediate futures rose 2.3%, closing above $72 for...
Jul 21, 2021 · Oil rose to the highest in a week amid expectations that recovering demand from the U.S. to India and Europe will further tighten global crude markets. Futures in New York climbed 2.3% on...
Oct 12, 2021 · The EIA boosted its forecast for annual average WTI and Brent prices in 2022 by $5.87 to $68.24/bbl and $71.91 a barrel, respectively, according to the agency’s monthly Short-Term Energy Outlook...
- 2 min
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Dec 22, 2021 · Oil settled above $73 a barrel for the first time in four weeks as signs that the omicron Covid-19 variant may be less severe than previous strains eased concerns about a demand hit.
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