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Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
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Why did oil prices rise above $85?
Get in Touch Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new resolve to bolster its economy, a key engine of global crude consumption.

Latest Oil Prices, Market News and Analysis for Friday September 1

www.bloomberg.com/news/articles/2023-08-31/latest-oil-market-news-and-analysis-for-friday-september-1
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Why have oil prices tumbled sharply over the past 3 weeks?
Still, oil prices have tumbled sharply over the past three weeks. Hedge fund manager Pierre Andurand pointed to larger-than-expected supplies — citing high production in the US and Iran — as the catalyst for crude’s recent retreat.

Latest Oil Prices, Market News and Analysis for Nov. 9 - Bloomberg

www.bloomberg.com/news/articles/2023-11-09/latest-oil-market-news-and-analysis-for-nov-9
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Why has US crude spread soared to the highest level in a year?
US crude’s prompt spread has surged to the strongest level since November as inventories in the key storage hub of Cushing, Oklahoma, continue to be drawn down. The closely watched spread between the nearest two December contracts for WTI skyrocketed to the widest in a year. Bets on $100 oil are also rising as supplies tighten.

Latest Oil Prices, Market News and Analysis for Friday September 1

www.bloomberg.com/news/articles/2023-08-31/latest-oil-market-news-and-analysis-for-friday-september-1
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Why has crude risen so much this year?
Crude has advanced this year, supported by supply cuts from OPEC+ and political risks in the Middle East, including heightened tensions between Israel and Iran that helped lift Brent above $90 a barrel earlier this month. Israel is stepping up preparations for a potential all-out war with Hezbollah.

Latest Oil Prices, Market News and Analysis for April 26 - Bloomberg

www.bloomberg.com/news/articles/2024-04-25/latest-oil-market-news-and-analysis-for-april-26
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