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The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent is the leading global price benchmark for Atlantic basin crude oils.
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 ...
WTI finished at $88.96 and Brent at $95.99. Oil fell for a second week, with Brent down 9 percent to $87.62 and WTI down 10 percent to $80.08, with higher COVID numbers in China, fears of U.S. interest rate increases and a strong dollar. The current WTI contract was trading lower than the second month contract for the first time since 2021.
The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 a barrel. ... posed a real risk to Europe. ... prices are far below their levels this time last ...
"At face value, and assuming no policy, supply or demand response, Russia's actions could push Brent oil price to $90 already in April, reach mid-$90 by May and close to $100 by September," Kaneva ...
April 5, 2024 at 11:29 AM. Oil’s steady climb has prompted speculation that prices could reach $100 per barrel should current market conditions persist. West Texas Intermediate ( CL=F) futures ...
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