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1. • US$87 a barrel

     • 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.
     www.bnnbloomberg.ca/oil

     Oil - BNN Bloomberg

2. People also ask

   What is the international benchmark for crude oil?

   • Today the international benchmark is Brent crude from the North Sea. The U.S. benchmark, West Texas Intermediate crude, which for years traded at a discount to Brent, has been close to parity in 2016. The U.S. repealed its 40-year-old ban on exporting crude in December 2015. Have a confidential tip for our reporters? Get in Touch

   Oil Prices - Bloomberg

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   Why did oil prices rise above $85?

   • Get in Touch Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new resolve to bolster its economy, a key engine of global crude consumption.

   Latest Oil Prices, Market News and Analysis for Friday September 1

   www.bloomberg.com/news/articles/2023-08-31/latest-oil-market-news-and-analysis-for-friday-september-1

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   Why are crude prices tracking broader financial markets?

   • Crude prices have tracked broader financial markets amid a muddled outlook for the commodity’s fundamentals. A report Wednesday showed inventories at the key storage hub in Cushing, Oklahoma, swelling to the highest in 10 months, while US gasoline demand improved marginally ahead of the Memorial Day holiday weekend.

   Latest Oil Prices, Market News and Analysis for May 23 - Bloomberg

   www.bloomberg.com/news/articles/2024-05-22/latest-oil-market-news-and-analysis-for-may-23

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   How did OPEC change oil prices?

   • In the 1980s, OPEC infighting, the emergence of new suppliers and the development of futures exchanges gave rise to new market-based prices. Today the international benchmark is Brent crude from the North Sea. The U.S. benchmark, West Texas Intermediate crude, which for years traded at a discount to Brent, has been close to parity in 2016.

   Oil Prices - Bloomberg

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3. www.bloomberg.com › energyEnergy - Bloomberg

   www.bloomberg.com › energy

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   Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.

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   • Latest Oil Prices, Market News and Analysis for May 23 ...

     Updated on. May 23, 2024 at 3:26 PM EDT. Oil slipped as...

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     May 28, 2024 at 12:08 PM PDT. Listen. 2:26. Oil rebounded...

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     2:35. Oil prices surged above $85 as a monthslong effort by...

   • Oil Prices - Bloomberg

     Today the international benchmark is Brent crude from the...

   • Oil Prices for Dec. 22, 2021: Brent Crude, WTI - Bloomberg

     Oil Prices for Dec. 22, 2021: Brent Crude, WTI - Bloomberg....

4. www.bloomberg.com › news › articlesOil Tops $122 as US Inventory Data Highlights Fuel Supply ...

   www.bloomberg.com › news › articles

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   Jun 7, 2022 · June 8, 2022 at 12:34 PM PDT. Listen. 3:03. This article is for subscribers only. Oil maintained its gains after US government data showed crude inventories in the largest storage hub and...

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