Yahoo Canada Web Search

Sign In

Search results

      • Near-term contracts are currently trading at a premium compared to later months, a market condition called "backwardation" that signals crude supply tightness. Greater-than-expected demand out of Asia coupled with expectations that oil alliance OPEC+ will extend its output reductions past March has helped lift contract prices.
      finance.yahoo.com/news/oil-rallies-above-80-per-barrel-amid-signs-of-supply-tightness-163559980.html

      Oil rallies above $80 per barrel amid signs of supply tightness

  2. People also ask

  3. www.cnn.com › 2023/07/28 › energyWhy oil prices are on their strongest run since before Russia ...

    Jul 28, 2023 · The price of Brent crude, the global benchmark, ticked down 0.1% to $84 a barrel in Friday, but is still up 3.9% this week. The winning streak is the longest since an eight-week rally ended in...

  4. www.afr.com › markets › commoditiesRussia-Ukraine war: Why are oil prices so high?

    Mar 14, 2022 · The simple answer: oil prices are high because Moscow’s invasion of Ukraine has led to sanctions against the Russian Federation, cutting off the world’s second largest oil producer from...

    • William Mcinnes

  5. Videos

    View all

  6. www.reuters.com › business › energyOil prices ease on strong dollar, mixed global economic news

    Jun 21, 2024 · Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world.

  7. www.nytimes.com › 09 › businessWhy Oil Prices Have Been Rising Recently - The New York Times

    Apr 9, 2024 · Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices...

  8. www.cnn.com › 2023/10/13 › energyOil and gas prices are climbing again as supply risks ... - CNN

    Oct 13, 2023 · The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 a barrel. West Texas Intermediate crude oil futures, the US benchmark, jumped 4.2% to...

  9. www.reuters.com › markets › commoditiesOil prices rise as heightened geopolitical risk exacerbates ...

    Mar 25, 2024 · Oil prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine, while a shrinking...

  10. finance.yahoo.com › news › oil-prices-tick-sharpOil settles up for third straight day on US job data and ...

    Aug 8, 2024 · HOUSTON (Reuters) -Oil prices settled higher on Thursday for the third consecutive session, after U.S. jobs data eased demand concerns and war in the Middle East helped prices recover from...