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2 days ago · Oil edged higher after four sessions of declines as traders weighed falling US crude stockpiles and potential risks to production in the Middle East against underwhelming stimulus measures from China.
- Energy Prices
Get updated data about energy and oil prices. Find natural...
- Commodities
Find information about commodity prices and trading, and...
- Energy Prices
Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
Find information about commodity prices and trading, and find the latest commodity index comparison charts. ... Price Change %Change Contract Time (EDT) CL1:COM . WTI Crude Oil (Nymex) USD/bbl. 70 ...
3 days ago · October 02, 2024 at 3:50PM EDT. ADVERTISEMENT. Stay on top of your portfolio with real-time data, historical charts and the latest news on the oil and gas industry on BNN Bloomberg.
- What Is The Brent Crude Oil Spot Price?
- What Drives The Price of Oil?
- How to Set Up Google Alerts For Oil Price News
- Further Reading on Crude Oil
- Oil Price FAQs
A simple way to understand oil spot prices is by breaking down the meaning of a complex term like ‘Brent crude oil spot price’: 1. Brent— the type of oil blend, as opposed to another oil blend like West Texas Intermediate (WTI) 2. Crude oil— the physical asset being brought or sold, in this case, crude oil with minimal processing 3. Spot price— the...
Crude oil is extracted from underground oil reserves. In Brent crude oil’s instance, these reserves are under the seafloor, while WTI crude oil is extracted from reserves located under dry land. That’s the first component of oil prices — the extraction process and machinery required. Aside from the physical groundwork of gathering and processing oi...
An easy way to get breaking news about the crude oil market is to create a Google Alert which will email you top news stories about oil as they occur. 1. Go to Google Alerts. 2. Type “crude oil” in the search box. 3. Choose how often you’d like to receive alert emails: 3.1. As it happens 3.2. once a day 3.3. once a week. 4. Choose the sourcesyou wa...
Want to learn more about crude oil? See these guides: 1. Crude oil as a commodity— detailed guide on extraction, processing, and the consumer market 2. Crude oil trading— how and where to speculate on crude oil spot prices 3. Largest oil pruducing US states— statistics on total annual oil production, oil reserves, refineries, and more Did you know ...
What is the standard unit of oil?
Oil prices are quoted per barrel, or ‘bbl’. The abbreviation indicates one barrel of crude oil, but you may see Gbbl (one billion barrels), as well as Mbbl (one million barrels) or Kbbl for one thousand barrels. For example, you can see that Brent crude oil spot prices are quoted by the barrel (bbl), as are West Texas Intermediate (WTI) oil prices on global futures exchanges like NYMEX.
What is today’s Brent crude oil price?
Today’s live Brent crude oil spot price is at $79.40 per barrel. That’s up 6.72% from last week’s price of $74.40per barrel. Brent crude oil trades six days a week, so based on which day you’re looking at crude oil spot prices, you may be getting the last recorded live price. At local time on Sundays for your chosen exchange, you’ll almost certainly get the last Brent crude oil spot price that the market closed with.
What is today’s WTI crude oil price?
Today’s live Brent crude oil spot price is at $75.40 per barrel. That’s up by 6.56% from the price of $70.76per barrel one week ago. WTI crude oil trades from Sunday through to Friday, 5 PM to 4 PM CT. If you check live prices on Saturdays, you will always see the last recorded WTI crude price from the previous Friday.
3 days ago · China’s exports of both cars and ships hit records in September even as broader shipments slowed, underscoring the rapid changes in the nation’s industry that are fueling global trade tensions. October 14, 2024 at 11:38PM EDT. Most recent Commodities News business news stories and video from BNN Bloomberg.
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4 days ago · Iron ore futures dropped to $106.05 at 3:03 p.m. in Singapore, after losing as much as 1.6% to $105.85. They have retreated by almost a quarter this year, making the steel-making staple one the 2024’s worst performing major commodities. In China, yuan-priced steel contracts declined. ©2024 Bloomberg L.P.
