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  1. www.eia.gov › todayinenergy › detailCrude oil prices increased in 2021 as global crude oil demand ...

    Jan 4, 2022 · Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in ...

    • Brent

      Crude oil prices increased in 2021 as global crude oil...

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    • U.S. Petroleum Demand Reaches 2021 High; OPEC-Plus Sticks with ...
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    • EIA forecasts crude oil prices will fall in 2022 and 2023 | Air Freight ...
    • Growing global production limits crude oil price increases in the most ...
    • Wti Oil Price Chart Historical March 2021
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    • WTI Crude Oil Price Analysis for Jan. 5, 2021

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  3. oilprice.com › Latest-Energy-News › World-NewsAverage Oil Price In 2021 Was The Highest In Past Three Years

    Jan 5, 2022 · A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years, the...

  4. www.iea.org › reports › oil-market-report-october-2021Oil Market Report - October 2021 – Analysis - IEA

    Oct 14, 2021 · Crude oil prices hit a seven-year high in early October boosted by energy supply concerns and continued oil stock draws. North Sea Dated prices rose by $3.65/bbl on average in September to $74.40/bbl and WTI at Cushing $3.84/bbl to $71.56/bbl. Strong backwardation restrained crude price differentials to marker crudes over the month.

  5. www.iea.org › reports › oil-market-report-december-2021Oil Market Report - December 2021 – Analysis - IEA

    Dec 14, 2021 · Global oil demand is now set to rise by 5.4 mb/d in 2021 and by 3.3 mb/d in 2022, when it returns to pre-pandemic levels at 99.5 mb/d. Global oil production is poised to outpace demand from December, led by growth in the US and OPEC+ countries.

  6. oilprice.com › Energy › Oil-PricesWhy Oil Will Keep Rising In 2021 | OilPrice.com

    Jan 15, 2021 · Why Oil Will Keep Rising In 2021. By David Messler - Jan 14, 2021, 7:00 PM CST. We have seen strong moves higher in the key crude oil benchmarks-WTI, and Brent, in the last several...

    • David Messler

  7. www.iea.org › reports › oil-market-report-august-2021Oil Market Report - August 2021 – Analysis - IEA

    Aug 12, 2021 · Crude oil held in short term floating storage increased by 4.5 mb to 103.6 mb in July. The 2Q21 crude price rally lost steam in July on fears that new Covid-19 Delta cases and weaker economic indicators could slow the oil demand recovery just as more supply hit the market.

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  9. crsreports.congress.gov › product › pdfOil Markets and Prices in 2021: Demand, Supply, and Policy ...

    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.