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WTI fell 6.4 percent for the week, the most since July, and on January 13 had its lowest close since December 3 at $58.08. Brent fell 5.3 percent, the most since August, and then reached its lowest close since December 12 with $64.20. [2] [3] On February 10, oil reached its lowest level in over a year, with the COVID-19 pandemic a major reason ...
December 12: Speaking in New York during a U.S. visit by Angolan President Eduardo dos Santos, Joaquim David, president of the state-owned oil company, Sonangol, states that Angola will increase its crude oil production by 10 percent per year over the next five years, reaching 720 million barrels per day (114,000,000 m 3 /d) by the end of 1996 ...
Oil prices plunged on Tuesday to hit their lowest level since December 2021. Prices for brent crude, the international benchmark, fell 4% on Tuesday to $68.99 a barrel, representing a significant ...
Natural gas and oil prices are likely to decline in the second half of the decade, but unexpectedly high worldwide demand for electricity will complicate efforts to reduce greenhouse gas emissions ...
Year to date, WTI is up more than 6%, while Brent crude has gained more than 5% during the same period. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre .
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 ...
The Energy Information Administration expects prices at the pump to average $3.20 per gallon next year, about $0.10 lower than in 2024. Ines Ferre is a senior business reporter for Yahoo Finance ...
Involves gradual 28 month increase of "old" oil price ceilings, and slower rate of increase of "new" oil price ceilings. June 26–28 : OPEC raises prices average of 15 percent, effective July 1. Oct : Buy-Sell Program sales average more than 400,000 bbl/d (64,000 m 3 /d) from October 1979 through March 1980 - highest level since February 1976 ...