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1. • • The real-time price of Brent crude oil is at $84.56 per barrel, and the price of WTI crude oil is at $80.61 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in the US or when referring to US crude oil.
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     Today's Oil Price: Brent Crude & WTI Oil Prices Today ...

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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   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 has crude risen so much this year?

   • Crude has advanced this year, supported by supply cuts from OPEC+ and political risks in the Middle East, including heightened tensions between Israel and Iran that helped lift Brent above $90 a barrel earlier this month. Israel is stepping up preparations for a potential all-out war with Hezbollah.

   Latest Oil Prices, Market News and Analysis for April 26 - Bloomberg

   www.bloomberg.com/news/articles/2024-04-25/latest-oil-market-news-and-analysis-for-april-26

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   Why did US crude stockpiles drop to the lowest since January?

   • A report earlier this week showed US crude stockpiles dropping to the lowest since January, while gauges such as the WTI cash roll and key timespreads are signaling supply constraints. The roll, which reflects supply-demand balances at Cushing, Oklahoma, climbed to the highest in two years.

   Latest Oil Prices, Market News and Analysis for April 26 - Bloomberg

   www.bloomberg.com/news/articles/2024-04-25/latest-oil-market-news-and-analysis-for-april-26

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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

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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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     Stock analysis for CO1. Get stock price, historical stock...

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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 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 ...

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

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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 ...

7. 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...

8. www.bnnbloomberg.ca › oil-price-news-brent-crudeOil price news: Brent crude hits US$90 a ... - BNN Bloomberg

   www.bnnbloomberg.ca › oil-price-news-brent-crude

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   Apr 4, 2024 · Prices: West Texas Intermediate for May delivery rose 1.4 per cent to settle at $86.59 a barrel. Brent for June settlement gained 1.5 per cent to settle at $90.65 a barrel.

9. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for April 26 ...

   www.bloomberg.com › news › articles

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   Apr 25, 2024 · April 26, 2024 at 12:06 PM PDT. Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. West Texas Intermediate edged higher to...