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1. finance.yahoo.com › news › crude-oil-prices-reachCrude oil prices reach highest since October as energy stocks ...

   finance.yahoo.com › news › crude-oil-prices-reach

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   Apr 2, 2024 · The energy sector is up 14% so far this year, outpacing the S&P 500's 9% gain. Oil- and gas-related equities were also the biggest winners in the S&P 500 last month. Story continues.

   • Video Duration: 3 min

   • Author: Ines Ferré

2. 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. Brent crude futures hovered near ...

3. www.cnn.com › 2023/07/28 › energyWhy oil prices are on their strongest run since before Russia ...

   www.cnn.com › 2023/07/28 › energy

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   Jul 28, 2023 · Here's why. Global oil prices have gained more than 16% since late June and are heading for their fifth-straight week of gains, the longest rally since before Russia’s full-scale invasion of ...

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

   www.ft.com › content › 14d4980b-8163-4359-bc4a-fb2b7

   Sep 28, 2021 · Brent, the international benchmark, rose as much as 0.9 per cent to $80.22 a barrel early on Tuesday, hitting a three-year high for the second consecutive day before settling 0.6 per cent lower at ...

5. www.npr.org › 2022/05/07 › 10971774593 things we learned about Big Oil's surging profits : NPR

   www.npr.org › 2022/05/07 › 1097177459

   May 7, 2022 · Big Oil is riding the wave of higher energy prices. Unsurprisingly, it all comes down to surging crude oil prices. Brent crude futures, the benchmark globally, have surged more than 40% this year ...

   • Author: Brittany Cronin

6. www.forbes.com › sites › daneberhartWhy Are Oil Prices So High When The U.S. Remains One Of The ...

   www.forbes.com › sites › daneberhart

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   Nov 13, 2021 · OPEC+ is also eyeing the early 2022 oil market. Winter could bring more Covid cases, and spring is a lower-demand “shoulder” season. Adding more supply over the 400,000 barrels per month could ...

7. People also ask

   Are global oil prices heading for a fifth-straight week of gains?

   • Global oil prices have gained more than 16% since late June and are heading for their fifth-straight week of gains, the longest rally since before Russia’s full-scale invasion of Ukraine upended energy markets. The price of Brent crude, the global benchmark, ticked down 0.1% to $84 a barrel in Friday, but is still up 3.9% this week.

   Why oil prices are on their strongest run since before Russia invaded

   www.cnn.com/2023/07/28/energy/oil-prices-rising-post-ukraine-explainer/index.html

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   Why are oil prices so high?

   • The three-year high for oil prices came as Opec, the oil cartel, forecast that global demand for crude would exceed 2019 levels in 2023 and continue to rise until 2035 before plateauing.

   Oil prices rise above $80 a barrel for first time in three years

   www.ft.com/content/14d4980b-8163-4359-bc4a-fb2b7f7d2c27

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   Why have oil prices risen sharply post-lockdowns?

   • Oil prices have risen sharply following strong economic recovery post-lockdowns Image: Unsplash. Oil prices are strongly influenced by the global economic outlook. Changes in supply and demand and geopolitical tensions cause price fluctuations. An orderly energy transition can protect against oil price spikes.

   Why oil prices matter to the global economy - an expert explains

   www.weforum.org/agenda/2022/02/why-oil-prices-matter-to-global-economy-expert-explains/

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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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   How would oil companies respond to higher crude prices?

   • Oil companies would respond to higher crude prices by sharply increasing production. So much in fact, that companies would end up flooding the market with oil, often leading to a crash in prices – and hefty losses for companies and their investors. None of this is likely to please many Democrats.

   3 things we learned about Big Oil's surging profits : NPR

   www.npr.org/2022/05/07/1097177459/big-oil-exxon-earnings-gasoline-prices-crude

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   Why do oil prices fluctuate?

   • Changes in supply and demand and geopolitical tensions cause price fluctuations. An orderly energy transition can protect against oil price spikes. Demand for oil plunged in 2020 during the pandemic when lockdowns led the price to fall below zero first time in history due to a major downturn in economic activity.

   Why oil prices matter to the global economy - an expert explains

   www.weforum.org/agenda/2022/02/why-oil-prices-matter-to-global-economy-expert-explains/

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8. www.weforum.org › agenda › 2022Why do oil prices matter to the global economy? An expert ...

   www.weforum.org › agenda › 2022

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   Feb 16, 2022 · However, it is probably safe to say that there are three key underlying reasons: 1. Booming economic growth driving demand for oil. Two years ago when COVID-19 started, there was a plunge in economic activity and oil demand. Producers were adjusting production levels, but there is only so much one can do without destroying reservoirs or capital ...