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Oil platform in the North Sea. Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself.
West Texas Intermediate crude oil rose 2% to $73.17 a barrel. Brent crude , the international benchmark, was up 1.8% to $76.05 a barrel. Gold was up 0.8% to $2,662 an ounce.
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 ...
Meanwhile, Goldman Sachs analysts last week said, "We continue to expect Brent crude oil prices to remain well supported at the top-end of our $70-$90/bbl [per barrel] range for the remainder of ...
A benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West Texas Intermediate (WTI), Brent Blend , and Dubai Crude .
Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.1%. For the year ...
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.
The price of Saudi light crude sold to Asia fell to the lowest since November 2021. [1] Oil rose for the next two weeks, with Brent ending at $87.63 and WTI at $81.31, with loosening of restrictions in China a big reason, along with expectation of smaller interest rate increases.