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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.
May 5, 2024 · May 5, 2024 at 11:16 PM EDT. Save. Oil advanced after a weekly drop as Saudi Arabia hiked selling prices for grades to Asia for the third month in a row, signaling confidence in the outlook with ...
1 day ago · May 12, 2024 at 4:27 PM PDT. Updated on. May 13, 2024 at 9:27 AM PDT. Listen. 1:56. Oil edged higher as signs of a tighter market vied with decreased geopolitical risks to keep prices locked in a ...
May 6, 2024 · Earnings and commentary from oil giants BP Plc and Saudi Arabian Oil Co., also known as Aramco, will also come later in the day. To get Bloomberg’s Energy Daily newsletter into your inbox, click ...
Aug 31, 2023 · Updated on. September 1, 2023 at 12:20 PM PDT. Listen. 2:35. Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new ...
Sep 18, 2023 · Updated on. September 19, 2023 at 1:12 PM PDT. Listen. 3:08. Oil steadied after surging to a 10-month high as broader risk-off sentiment cooled a piping hot rally driven by OPEC+ supply cuts and ...
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