Crude oil prices today: WTI is trading at $72.85
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors related to U.S. and international supply and demand conditions. For example, the Brent/WTI spread hit nearly $14/bbl in April 2011 when protests sparked market fears of significant oil supply disruptions in the Middle East.
EIA reduces crude oil price forecast through end-2025 on lower demand
In this month's outlook, EIA educed its 2025 forecast for US Lower 48 states (L48) crude oil production from last month by 1% to 11.3 million b/d. This reduction reflects a downward revision to EIA's West Texas Intermediate (WTI) crude oil price forecast.
Brent crude oil’s upward momentum seems to be building, based on charts, UOB said.
By Erwin Seba HOUSTON (Reuters) -Brent crude futures, the international oil benchmark, fell $4 a barrel on Tuesday as fears ...
Global Brent prices settled Monday above $80 a barrel for the first time since August, as the risk of an Israeli response to ...
Daan Struyven, an analyst at Goldman Sachs, told clients that a six-month disruption, hitting about 1mn b/d, would push Brent ...
Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid ...
Global Brent crude prices settled Monday above $80 a barrel for the first time since August, as the risk of an Israeli ...
Brent crude on Monday was up nearly 3%, breaking past the $80 threshold as markets attempted to cautiously price in a potential supply disruption should Israel attack Iran’s oil and gas facilities ...
Oil prices are rising due to geopolitical tensions in the Middle East, particularly the potential for an Israeli attack on ...
Part of the issue is that members are not sticking to their pledged cuts. The Saudi minister called out Iraq, which surpassed ...
Oil prices fell by 2.4% in early European trade, possibly due to demand concerns and rebalancing. Click to read.
Oil prices slid on Tuesday, settling down more than 4% on news of a possible ceasefire between Hezbollah and Israel, although ...
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