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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 ...
Oil prices could struggle in the coming years, Goldman Sachs says. The firm's commodities analysts say Brent crude prices could drop to the low $60s per barrel by the end of 2026 if President ...
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 ...
Prices of Brent crude, the global benchmark, declined 4% to about $79.50 a barrel on Tuesday. Brent crude continued to trade below $80 early Wednesday, according to OilPrice.com.
Brent, the international benchmark price, also fell to roughly $84 per barrel. The latest US government data released on Wednesday shows crude inventories roseby 7.3 million barrels last week, the ...
Good economic news in the United States contributed to oil reaching its highest price since May on August 17, with Benchmark Crude reaching $96.01, while Brent crude fell slightly to $113.71. [40] Early in September, a mix of bad economic news from the United States and good economic news from Europe caused the price of oil to fall slightly.
Oil plunged more than 6%. their biggest daily drop in more than two years after an expected Israeli retaliatory strike against Iran over the weekend spared the country’s petroleum infrastructure.
The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).