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- The international benchmark Brent crude has lost all of the year's gains, after nearly hitting $140 a barrel after Russia's invasion of Ukraine. Brent's $62 range in 2022 is the largest in one year since 2008.
www.reuters.com/business/energy/what-happened-2022-global-oil-rally-2022-12-08/Explainer: What happened to the 2022 global oil rally? | Reuters
Jan 4, 2023 · The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b. In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases.
- Brent
March 4, 2022 Crude oil prices rise above $100 per barrel...
- WTI (West Texas Intermediate)
Crude oil prices increased in first-half 2022 and declined...
- Brent
Dec 8, 2022 · The international benchmark Brent crude has lost all of the year's gains, after nearly hitting $140 a barrel after Russia's invasion of Ukraine.
Dec 30, 2022 · Brent crude logs 10% gain in 2022, WTI records 7% increase. Year marked by Ukraine war supply concerns, Chinese demand drop. Heading into 2023, China's COVID spike hurts demand outlook. POLL...
Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.
YearAverageclosing PriceYear OpenYear High2024$76.67$71.65$87.012023$77.64$80.26$93.842022$94.53$76.08$123.702021$68.17$47.62$84.65- 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.
Dec 8, 2022 · Brent crude futures rose above $139 per barrel in March as Russia invaded Ukraine, and then later rose again as buyers reckoned with the bottleneck of two years of refinery closures during the pandemic.
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May 12, 2022 · Crude prices fell in April to trade in a narrow $10/bbl range above $100/bbl. ICE Brent last traded around $105/bbl and WTI $102/bbl. Rapid early-May advances on the sixth round of EU sanctions for Russia drove renewed price tensions.
