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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Stock market today: Indexes fall, oil surges on Middle East turmoil ahead of jobs report ... Biden's comments pushed crude prices higher. US oil spiked 5.5% to $73.98 a barrel and Brent prices ...
West Texas Intermediate crude oil ticked lower 0.6% to $69.83 a barrel. Brent crude , the international benchmark, fell 0.5% to $73.17 a barrel. Gold fell 1.7% $2,709 an ounce.
Oil prices, meanwhile, rose to claw back their sharp giveback from earlier in the week. A barrel of Brent crude added 3.7% to settle at $79.40. A barrel of benchmark U.S. crude gained 3.6% to $75.85.
In the oil market, a barrel of benchmark U.S. crude rallied 1.7% to settle at $68.37 following the overthrow of Syrian leader Bashar Assad, who sought asylum in Moscow after rebels.
Still, the Mideast and North African crisis led to a rise in oil prices to the highest level in two years, with gasoline prices following. Though most Libyan oil went to Europe, all oil prices reacted. The average price of gasoline in the United States increased 6 cents to $3.17. [2] On March 1, 2011, a significant drop in Libyan production and ...
Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday.
In other trading Friday, U.S. benchmark crude gained $1.17 to $84.38 a barrel in electronic trading on the New York Mercantile Exchange. It gave up $2.18 on Thursday. Brent crude, the ...