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“There’s a much much larger risk of a big price drop to $50 or $60 than there is to something like the $80+ range," Tom Kloza, OPIS global head of energy analysis told Yahoo Finance.
Prices are down by more than 40% since hitting a high of just more than $130 a barrel in March, not long after Russia’s invasion of Ukraine. Prices of Brent crude, the global benchmark, declined ...
Brent is on course to finish the week 1.7% higher, a notable turnaround after it fell 11.3% last week, logging its biggest weekly drop since March. Price rises this week put Brent back on course ...
Early in August, WTI fell to $41.52; oil prices had fallen more than 20% since June and were rising earlier in the week. [119] U.S. crude fell to $43.16 on September 1, its lowest level in 3 weeks, after oil had gone up 11% for the month of August with the expectation that OPEC would limit production. [120]
Trump's plan to reduce prices by "half or more" within 12 months in office can only happen if Washington convinces Saudi Arabia to unleash a flood of oil supply, eroding US market leadership.
WTI finished the quarter at $55.23, down 5.2 percent, and Brent was $60.23, up 3.1 percent for the month but down 5.5 for the quarter. Gas was $2.64, down several cents for the week. [132] After Trump announced a trade deal with China on October 11, oil fell 2 percent after reports that China wanted more talks before signing phase one of the deal.
Gasoline prices could fall below $3 per gallon by Thanksgiving as oil continues to drop on investor concerns over weak demand, one analyst told Yahoo Finance. Oil prices have dropped roughly 10% ...
Oil prices fell more than 3% amid rising inventories and a diplomatic push for a ceasefire between Israel and Hamas. On Wednesday West Texas Intermediate ( CL=F ) declined for a third day in a row ...