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Crude Oil increased 6.83 USD/BBL or 9.53% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on May of 2024.
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The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of May 30, 2024 is $78.16 per barrel. Historical Chart. 10 Year Daily Chart. By Year. By President. By Fed Chair. By Recession. Crude Oil Prices - Historical Annual Data.
YearAverageclosing PriceYear OpenYear High2024$78.83$71.65$87.012023$77.64$80.26$93.842022$94.53$76.08$123.702021$68.17$47.62$84.65Dec 12, 2023 · Last updated. December 12, 2023. Next expected update. December 2024. Date range. 1861–2022. Unit. current US$ per cubic meter. Sources and processing. This data is based on the following sources. Energy Institute – Statistical Review of World Energy.
Jan 4, 2023 · The spot price for West Texas Intermediate (WTI), a benchmark price for U.S. crude oil, followed a similar pattern, finishing the 2022 trading year $4/b higher than on January 3. The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b.
- World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
- Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
- Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.
Overview News & Analysis How to Trade. WTI and Brent Crude Oil Prices. Oil - US Crude , Oil - Brent Crude chart by TradingView. Bearish. 38m. 1.47 Average True Range. 131.86% Total...
May 12, 2022 · For 2022, demand is expected to increase by 1.8 mb/d on average to 99.4 mb/d. Russia shut in nearly 1 mb/d in April, driving down world oil supply by 710 kb/d to 98.1 mb/d.
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