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1. • $81.94 per barrel

     • WTI futures traded at $81.94 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 11.57%.
     Reference:

     Crude oil prices today: WTI prices are up 11.57% this year

2. People also ask

   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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   Will oil price flare up this year?

   • Claudio Galimberti, head of global oil macro research at Rystad Energy, joins BNN Bloomberg and says we could see flare ups in the oil price this year as demand continues to outpace active supply. Seasonality and low inventories are really helping oil break out past US$80, says Rebecca Babin, senior energy trader at CIBC Private Wealth.

   Oil - BNN Bloomberg

   www.bnnbloomberg.ca/oil

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   Why has US crude spread soared to the highest level in a year?

   • US crude’s prompt spread has surged to the strongest level since November as inventories in the key storage hub of Cushing, Oklahoma, continue to be drawn down. The closely watched spread between the nearest two December contracts for WTI skyrocketed to the widest in a year. Bets on $100 oil are also rising as supplies tighten.

   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 was crude up early in the session?

   • Crude was up early in the session as equities gained, and the commodity touched new intraday highs — even as stocks faded — after government data showed US oil stockpiles declining by 2.55 million barrels. An industry report on Tuesday had projected a 2.26 million-barrel increase.

   Latest Oil Prices, Market News and Analysis for June 20 - Bloomberg

   www.bloomberg.com/news/articles/2024-06-19/latest-oil-market-news-and-analysis-for-june-20

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   What's going on with $100 oil?

   • Bets on $100 oil are also rising as supplies tighten. Open interest on $100 call options over the next 12 months has risen from about 80,000 contracts in the middle of July to 120,000 today. To get Bloomberg’s Energy Daily newsletter direct into your inbox, click here. WTI for October delivery rose 2.3% to settle at $85.55 in New York.

   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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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.

4. www.bnnbloomberg.ca › oilOil - BNN Bloomberg

   www.bnnbloomberg.ca › oil

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   Oil company earnings underwhelm despite crude price flirting with US$85 a barrel. Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher.

5. www.bloomberg.com › news › articlesLatest Oil Market News and Analysis for June 26 - Bloomberg

   www.bloomberg.com › news › articles

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   3 days ago · 1:12. Oil held a decline after an industry report signaled a small build in US crude inventories ahead of official data. West Texas Intermediate traded below $81 a barrel after dropping 1% on ...

6. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 20 ...

   www.bloomberg.com › news › articles

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   Jun 19, 2024 · June 20, 2024 at 12:16 PM PDT. Listen. 1:39. Oil rose as a drawdown in US crude inventories extended a rally that has been supported by a hot streak for equity markets. West Texas Intermediate ...

7. www.bloomberg.com › markets › commoditiesCommodities - Bloomberg

   www.bloomberg.com › markets › commodities

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   Get updated commodity futures prices. Find information about commodity prices and trading, and find the latest commodity index comparison charts.

8. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for May 23 ...

   www.bloomberg.com › news › articles

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   May 22, 2024 · Oil Drifts to February Lows Amid Physical Weakness, Stock Slump. WTI settles below $77 a barrel, the lowest since late February; US crude stockpiles at Cushing swelled to highest since July

9. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for Friday ...

   www.bloomberg.com › news › articles

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   Aug 31, 2023 · 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...