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Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude exporters — said they would extend output cuts by at least another three months ...
First, oil prices have stopped spiking. US crude nearly hit $88 a barrel on April 12 as investors braced for Iran’s retaliation against Israel for a suspected strike on an Iranian diplomatic ...
Benchmark U.S. crude oil for September delivery rose 65 cents to $76.84 per barrel Friday. Brent crude for October delivery rose 50 cents to $79.66 per barrel. Wholesale gasoline for September ...
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 ...
Bloomberg Commodity Index. The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited. The index was originally launched in 1998 as the Dow Jones-AIG Commodity Index (DJ-AIGCI) and renamed to Dow Jones-UBS Commodity Index (DJ-UBSCI) in 2009, when UBS acquired the index ...
Oil prices rose initially but settled slightly lower Thursday. West Texas Intermediate crude futures, the US benchmark, settled at $69.15 barrel. Brent crude futures, the international benchmark ...
Global energy crisis (2021–2023) A global energy crisis began in the aftermath of the COVID-19 pandemic in 2021, with much of the globe facing shortages and increased prices in oil, gas and electricity markets. The crisis was caused by a variety of economic factors, including the rapid post-pandemic economic rebound that outpaced energy ...
Benchmark U.S. crude oil for September delivery rose $3.18 to $77.91 per barrel Wednesday. Brent crude for September delivery rose $2.09 to $80.72 per barrel. Wholesale gasoline for August ...