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Oil production cuts by Russia and the Organization of the Petroleum Exporting Countries (OPEC) have helped push Brent crude prices up some 10% over the past month to roughly $93 per barrel.
Oil has been on an upward trend since the start of the year, with WTI gaining nearly 8% while Brent has surged almost 7% amid colder-than-expected temperatures and falling stockpiles.
The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. Brent crude , the international benchmark, traded around $73.48 a barrel around ...
Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma ...
Energy prices have been on fire over the last six months. Expect them to go higher, says one analyst. Oil prices: 'It's going to be very easy' to get to $100/barrel, analyst says [Video]
"Market prices are going to go through the roof, and eventually somebody is going to have to pay the bill," Energy Aspects' Livia Gallarati said. Here's why oil will hit $120 a barrel soon and ...
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