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Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October.
5 days ago · May 28, 2024 at 12:08 PM PDT. Listen. 2:26. Oil rebounded from last week’s selloff as tensions flared in the Middle East, with a vessel attacked in the Red Sea and Israeli tanks reaching the ...
Apr 3, 2023 · The price of oil could trade beyond US$100 per barrel by the end of 2023, following the Organization of the Petroleum Exporting Countries (OPEC+) unexpected decision to cut oil production, energy expert Eric Nuttall forecasts. Crude is currently trading at US$80.06 per barrel, up eight per cent, since Sunday’s announcement from OPEC+.
Jun 7, 2022 · West Texas Intermediate futures rose above $122 a barrel, trading near a three-month high. Inventories at the nation’s biggest storage hub at Cushing, Oklahoma, fell 1.59 million barrels last...
Feb 29, 2024 · Oil extended this year’s rally to almost US$80 a barrel amid signs of a tightening physical market. West Texas Intermediate earlier breached the key level before paring gains to close up 2.2 per cent at the highest settlement price since November.
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