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  2. 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.

    • Brent

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

  3. 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.

  4. www.forbes.com › sites › daneberhartWhy Are Oil Prices So High When The U.S. Remains One Of The ...

    Nov 13, 2021 · Crude oil prices have climbed more than 60% this year amid strong demand and snarled supply chains, prompting President Joe Biden to pressure Saudi Arabia and other exporters to ramp up...

    • Dan Eberhart

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

    Jan 5, 2022 · Brent Crude prices have retreated since late October, to end 2021 at $78 a barrel. The international benchmark traded at over $79 early on Tuesday, just as the OPEC+ group started its...

  6. 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 months.

    • David Messler

  7. www.eia.gov › energyexplained › oil-and-petroleumOil prices and outlook - U.S. Energy Information ...

    Factors that affect oil prices such as hurricanes and extreme weather, political events, and OPEC oil production targets and spare crude oil production capacity.

  8. www.reuters.com › business › energyOil prices reach multi-year highs on tight supply | Reuters

    Oct 25, 2021 · NEW YORK, Oct 25 (Reuters) - Oil prices reached multi-year highs on Monday before steadying, as tight global supply and strengthening fuel demand in the United States and beyond supported...