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1. • • Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices higher. The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December.
     www.nytimes.com/2024/04/09/business/oil-price-rise.html

     Why Oil Prices Have Been Rising Recently - The New York Times

2. People also ask

   Why did oil prices rise 4 months on Thursday?

   • Oil prices rose to a four-month high on Thursday after the west’s energy watchdog forecast demand would exceed market supply, reversing its previous prediction of a surplus. Brent crude, the international benchmark, breached $85 for the first time since early November, rising 1.3 per cent to $85.15.

   Oil hits four-month high above $85 as IEA predicts market deficit

   www.ft.com/content/c5a913a9-31db-488f-9de6-5054ec611f4c

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   Why are US oil prices hitting a 7-month high?

   • SOPA Images via Getty US oil prices hit a seven-month high this week amidst rising geopolitical risks and falling inventories. Bank of America forecasts Brent and WTI will average $86 and $81 per barrel this year, and both peak around $95 in summer.

   Why oil prices already at highs could surge another 10% by summer, ac…

   finance.yahoo.com/news/why-oil-prices-already-highs-002651882.html?fr=sycsrp_catchall

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   Why are oil prices rising?

   • Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices higher. The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December.

   Why Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com/2024/04/09/business/oil-price-rise.html

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   What happened to oil prices?

   • There have been exceptions. Brent crude, a global benchmark, ticked above $85 per barrel last spring after OPEC +, a larger organisation which includes Russia, said it would cut production. When Saudi Arabia extended its production cuts in September, prices reached almost $100. The market rose again after Hamas attacked Israel on October 7th.

   Three reasons why oil prices are remarkably stable - The Economist

   www.economist.com/graphic-detail/2024/03/27/three-reasons-why-oil-prices-are-remarkably-stable

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3. www.economist.com › graphic-detail › 2024/03/27Three reasons why oil prices are remarkably stable

   www.economist.com › graphic-detail › 2024/03/27

   Mar 27, 2024 · Brent crude, a global benchmark, ticked above $85 per barrel last spring after OPEC +, a larger organisation which includes Russia, said it would cut production. When Saudi Arabia extended its...

4. www.nytimes.com › 09 › businessWhy Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com › 09 › business

   Apr 9, 2024 · Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices...

5. Videos

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     Why do oil prices matter to the global economy? An expert explains

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     Why oil prices are rising

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6. www.ft.com › content › c5a913a9-31db-488f-9de6-5054Oil hits four-month high above $85 as IEA predicts market deficit

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   Mar 14, 2024 · Brent crude, the international benchmark, breached $85 for the first time since early November, rising 1.3 per cent to $85.15. That brings its rise so far this year to 11 per cent.

   • Author: Lukanyo Mnyanda

7. finance.yahoo.com › news › why-oil-prices-alreadyWhy oil prices already at highs could surge another 10% by ...

   finance.yahoo.com › news › why-oil-prices-already

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   Apr 4, 2024 · US oil prices rallied to a seven-month high this week as geopolitical risks ramped up, and Bank of America says they're poised to surge another 10% by this summer.

8. www.bbc.com › news › business-58727437Oil price rises above $80 for first time in three years - BBC

   www.bbc.com › news › business-58727437

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   Sep 28, 2021 · Oil prices climbed above $80 (£59) a barrel on Tuesday, hitting their highest level in three years as the pound slumped. Brent crude, the international benchmark, rose to as much as $80.69 on the...

9. www.marketwatch.com › story › oil-prices-rise-afterOil prices settle at a four-month high after IEA lifts demand ...

   www.marketwatch.com › story › oil-prices-rise-after

   Mar 14, 2024 · May Brent crude BRN00, +0.28% BRNK24, the global benchmark, added $1.39 cents, or nearly 1.7%, at $85.42 a barrel on ICE Futures Europe. Front-month prices for WTI and Brent finished at their...

10. www.ft.com › content › 14d4980b-8163-4359-bc4a-fb2b7Oil prices rise above $80 a barrel for first time in three years

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    Sep 28, 2021 · Coal, carbon and European gas prices have all hit record highs as crude oil pushed above $80 a barrel in the clearest signs yet that the world is heading into an energy crunch likely to weigh...