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  1. www.eia.gov › todayinenergy › detailCrude oil prices increased in 2021 as global crude oil demand ...

    Jan 4, 2022 · Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in ...

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      Crude oil prices increased in 2021 as global crude oil...

  2. oilprice.com › Latest-Energy-News › World-NewsAverage Oil Price In 2021 Was The Highest In Past Three Years

    Jan 5, 2022 · A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years, the...

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  4. www.eia.gov › finance › marketsWhat drives crude oil prices? - U.S. Energy Information ...

    Sep 10, 2024 · Crude oil prices are the primary driver of petroleum product prices. Data source: Short-Term Energy Outlook. Economic growth has a strong impact on oil consumption. Data sources: U.S. Energy Information Administration, Oxford Economics. Changes in expectations of economic growth can affect oil prices.

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  5. oilprice.com › Energy › Oil-PricesWhy Oil Will Keep Rising In 2021 - OilPrice.com

    Jan 15, 2021 · Why Oil Will Keep Rising In 2021. By David Messler - Jan 14, 2021, 7:00 PM CST. We have seen strong moves higher in the key crude oil benchmarks-WTI, and Brent, in the last several...

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  6. crsreports.congress.gov › product › pdfOil Markets and Prices in 2021: Demand, Supply, and Policy ...

    Jan 13, 2021 · Petroleum inventories held in commercial storage increased quickly as product prices declined, refining profitability decreased, and crude oil demand collapsed. Oil prices fell rapidly and West Texas Intermediate (WTI) futures settled negative for the first time.

  7. www.macrotrends.net › 1369Crude Oil Prices - 70 Year Historical Chart - Macrotrends

    Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.

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  9. blogs.worldbank.org › en › opendataOil market developments—rising prices amid broader surge in ...

    Nov 2, 2021 · Crude oil prices increased sharply in 2021Q3 and continued rising in October, driven by increased demand, weather-related supply disruptions, and restrained production by OPEC and its partners (OPEC+).