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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 ...
2 days 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 ...
Mar 17, 2024 · WTI settles above $82, marking highest close since October. Crude has broken out of its tight trading range that dominated the opening months of the year, with prices hitting the highest since ...
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 ...
Nov 9, 2023 · Oil inched up as technical gauges signaled that crude’s plunge to a three-month low on Wednesday was overdone. West Texas Intermediate rose 0.5% to settle just below $76 a barrel after a $5 ...
Apr 25, 2024 · Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. West Texas Intermediate edged higher to settle just below $84 a barrel ...
5 days ago · Listen. 1:52. Canadian oil-sands output will increase by about half a million barrels a day by 2030, more than previously forecast, as stronger prices encourage companies to expand existing ...
Sep 12, 2021 · Oil closed above $70 a barrel for the first time in nearly six weeks as another heavy storm heads to the U.S. Gulf of Mexico, while producers are still reeling from Hurricane Ida.
