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Jan 13, 2021 · Petroleum inventories held in commercial storage increased quickly as product prices declined, refining profitability decreased, and crude oil demand collapsed. Oil prices fell rapidly and West Texas Intermediate (WTI) futures settled negative for the first time.
Aug 16, 2023 · Factors that affect oil prices such as hurricanes and extreme weather, political events, and OPEC oil production targets and spare crude oil production capacity.
Jul 26, 2022 · We use two approaches to calculate the impact of oil releases: the total change in stocks (a change of 180 million to 240 million barrels) and the flow change in barrels (a change of 1.0 million to 1.33 million barrels per day).
Jan 4, 2022 · According to our December 2021 Short-Term Energy Outlook (STEO) estimates, U.S. crude oil production in 2021 decreased by 0.1 million barrels per day (b/d) from 2020 and by 1.1 million b/d from 2019.
Jul 1, 2021 · Oil prices broke above $75 a barrel on Thursday to a near three-year-high ahead of a decision from key producers on production policy for the second half of 2021. U.S. West Texas...
Crude oil prices are the primary driver of petroleum product prices. Updated: Monthly | Last Updated: 06/11/2024. Gasoline and crude oil prices tend to move together, with some episodes where gasoline breaks away, typically due to refinery outages or other downstream events.
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Oct 8, 2021 · The U.S. oil benchmark jumped more than 2% to trade as high as $80.09 on Friday, before easing from that level and hovering around $79.70 at 11:30am on Wall Street. Brent crude, the...
