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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 ...
USA TODAY 6 hours ago US stocks end up, with S&P 500 at record. Trump talks lower interest rates and oil prices. US stocks closed up, with the S&P 500 notching a record for the 2nd day. Trump called for lower rates and oil prices in remarks to world leaders.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Brent crude oil prices dropped more than 12% to trade just above $112 per barrel, while West Texas intermediate sank to hover just over $111 per barrel. ... And the quits rate decreased to 2.8% ...
Amid the ongoing geopolitical concerns, energy prices climbed, and West Texas intermediate crude oil prices rocketed further above $100 per barrel to top $112 and reach the highest level since 2011.
However, as of January 2015, the price of oil has decreased to around $50 per barrel. [27] As of September 2021, the price per barrel of crude oil was $69.06. [28] Oil futures dropped on 5 August 2024, due to U.S. recession fears and concerns about Chinese demand, with Brent and WTI falling over 1%.