Search results
Results from the WOW.Com Content Network
OPIS: Brent $95-96, WTI $90. "The 2022 average price for WTI looks to be right around $94.50/bbl. We suspect that 2023 will see a price only slightly below this number with $90/bbl a reasonable ...
The supply and demand mismatch that shaped the first half of 2023 has inverted, thanks to oversupply and slowing demand, sending oil prices down 4.5% year to date and 22% lower than 2022's average.
Oil prices topped $90 per barrel on Thursday. ... can cause severe disruptions in the global oil demand — as was the case in March-June 2022 and in September-October 2023 — in turn resulting ...
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 ...
2023. Both Brent and WTI started the year down more than 8 percent, the most for a first week since 2016. Brent finished at $78.57 and WTI at $73.77, after gaining 13 percent in the previous three weeks. U.S. jobs news indicated the economy was slowing, meaning less chance of another large interest rate increase, and the dollar jumped.
Oil prices hit new 2023 highs on Tuesday amid a supply crunch resulting from output reductions by Saudi Arabia and Russia. West Texas Intermediate hovered just below $89 per barrel in midday trading.
The price of gas was $3.03, the highest for Memorial Day since 2014. Although countries increased oil production in May, demand forecasts were high and on June 8 WTI closed above $70, with Brent at $72.22, the highest since May 2019. On June 25 WTI ended the week at $74.05, up 3.9 percent for the week, the fifth week in a row with an increase.
US oil prices surged above $87 a barrel late last week for the first time since late October, leaving them up about 21% this year. “We can digest $85 or $90 oil. If we go over $90 and closer to ...