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1. www.cnn.com › 2023/12/11 › investingOil prices have been falling for seven weeks straight. Here’s why

   www.cnn.com › 2023/12/11 › investing

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   Dec 11, 2023 · David Zalubowski/AP. New York CNN —. US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as ...

   • Author: Nicole Goodkind

2. www.theglobeandmail.com › business › industry-newsOil prices fall, weekly 7 per cent drop on China demand woes ...

   www.theglobeandmail.com › business › industry-news

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   1 day ago · Brent crude futures fell $1.39 to $73.06 a barrel. U.S. West Texas Intermediate crude settled at $69.22 a barrel, down $1.45

3. Videos

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     The oil price drop - in 90 seconds - BBC News

     Feb 24, 2015

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     How the Drop in Oil Prices Impacts the Junk Bond Market - 8/7/2019

     Aug 7, 2019

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     bloomberg.com

     What's Driving the Drop in Oil Prices?

     Nov 2, 2016

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4. www.investopedia.com › why-oil-prices-falling-8678586Why Oil Prices Have Been Falling - Investopedia

   www.investopedia.com › why-oil-prices-falling-8678586

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   Jul 16, 2024 · Doubts about previously anticipated demand, particularly from China, have pushed global oil prices down for a third straight day, extending a drop of almost 5% since July 4.

5. www.npr.org › 2024/09/14 › nx-s1-5108858Oil prices plunge as demand from China falls : NPR

   www.npr.org › 2024/09/14 › nx-s1-5108858

   Sep 14, 2024 · The price of oil has dropped sharply over the last few weeks as demand from China, and possibly the U.S., is expected to fall. SCOTT SIMON, HOST: This week, for the first time in nearly three ...

   • Author: Camila Domonoske

6. www.cbc.ca › news › canadaWhat led to this fall's oil price slide — and what might come ...

   www.cbc.ca › news › canada

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   Dec 12, 2023 · The benchmark North American crude blend known as West Texas Intermediate, or WTI, slid below $70 US a barrel on Tuesday, down from late September when the price hovered around $90.

7. www.morningstar.com › news › marketwatchU.S. oil prices head for biggest weekly drop in a year as ...

   www.morningstar.com › news › marketwatch

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   1 day ago · Prices of U.S.-traded crude have already fallen around 8% this week including a drop of roughly 4% on Tuesday, which followed reports that Israel wouldn't target Iranian oil infrastructure in a ...

8. People also ask

   Why did global oil prices drop?

   • Global oil prices slid for the third straight day Tuesday, reflecting investors' deepening concerns about declining demand. Brent crude, the global price benchmark, for September delivery fell as much as 1.7% to a one-month low of $83.40 per barrel. Since July 4, brent crude has dropped 4.6%.

   Why Oil Prices Have Been Falling - Investopedia

   www.investopedia.com/why-oil-prices-falling-8678586

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   Why is the price of gas falling?

   • The price of gas has been precipitously falling around the United States in the last few weeks as the oil industry has been jolted. The national average price of gas was $1.81 as of Monday, a $1.03 drop from a year ago. But crude oil is only the raw material from which refineries make gasoline, diesel, jet fuel and other products.

   What Negative Oil Prices Mean and How the Impact Could Last

   www.nytimes.com/article/negative-oil-prices-facts-history.html

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   How will low oil prices affect oil prices?

   • Demand for oil is likely to remain tepid for months because few experts believe the economy will quickly rebound to where it was before the pandemic. But the low prices will also put pressure on oil companies and countries like Saudi Arabia and Russia, huge producers, to pump less oil because they themselves will run out of room to store it.

   What Negative Oil Prices Mean and How the Impact Could Last

   www.nytimes.com/article/negative-oil-prices-facts-history.html

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   Is crude oil demand going down?

   • In the near term, as far as the demand for crude oil markets, it’s been a little different. Last month imports fell by about 10% from the month prior, and there’s been a year-over-year drop of 9.3%. You’re seeing crude oil demand into China going down.

   Oil prices have been falling for seven weeks straight. Here’s why - CNN

   www.cnn.com/2023/12/11/investing/premarket-stocks-oil-gas-prices/index.html

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   What happened to oil prices in September?

   • This fall has seen oil prices take on a gradual — and often bumpy — decline, an about-face from multiple bullish forecasts in September that projected the return of $100 US oil before the end of the year. On Tuesday, the January crude oil contract was down $2.71 US at $68.61 US per barrel.

   What led to this fall's oil price slide — and what might come next

   www.cbc.ca/news/canada/calgary/oil-prices-jeremy-mccrea-tristan-goodman-alberta-calgary-1.7056554

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   Why are US oil futures falling?

   • Link Copied! David Zalubowski/AP US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as analysts worry about increased production around the globe and shrug off the Organization of the Petroleum Exporting Countries’ promises to limit supply.

   Oil prices have been falling for seven weeks straight. Here’s why - CNN

   www.cnn.com/2023/12/11/investing/premarket-stocks-oil-gas-prices/index.html

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9. www.nytimes.com › article › negative-oil-pricesWhat Negative Oil Prices Mean and How the Impact Could Last

   www.nytimes.com › article › negative-oil-prices

   Apr 22, 2020 · The price of gas has been precipitously falling around the United States in the last few weeks as the oil industry has been jolted. The national average price of gas was $1.81 as of Monday, a $1. ...