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2. Price of oil - Wikipedia

   en.wikipedia.org/wiki/Price_of_oil

   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 ...

3. Oil steadies on surprise inventory drop, but futures still ...

   www.aol.com/finance/oil-steadies-surprise...

   Oil reversed earlier declines Wednesday after new data showed US inventories fell last week, but futures are still down roughly 8% from their April peak. On Wednesday, West Texas Intermediate ( CL ...

4. Crack spread - Wikipedia

   en.wikipedia.org/wiki/Crack_spread

   Crack spread is a term used on the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it. The spread approximates the profit margin that an oil refinery can expect to make by "cracking" the long-chain hydrocarbons of crude oil into useful shorter-chain petroleum products.

5. Oil prices hit three-month lows, head for weekly loss as ...

   www.aol.com/news/oil-prices-hit-three-month...

   Crude oil futures fell to three-month lows on Friday and are heading to a weekly loss as the summer driving season gets underway with the Memorial Day holiday. U.S. crude oil hit an intraday low ...

6. West Texas Intermediate - Wikipedia

   en.wikipedia.org/wiki/West_Texas_Intermediate

   West Texas Intermediate ( WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX). The WTI oil grade is also known as Texas light sweet ...

7. Oil prices have been falling for seven weeks straight ... - AOL

   www.aol.com/oil-prices-falling-seven-weeks...

   December 11, 2023 at 9:45 AM. David Zalubowski/AP. US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop ...