Crude oil prices today: WTI is trading at $71.13
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.
Oil ends more than 1% higher on US rate cut, declining crude stockpiles
Oil prices extended their recent recovery rally and rose more than 1% on Thursday as a large cut in U.S. interest rates and declining global stockpiles helped offset some of the demand concerns arising from weak consumption in China.
Crude oil prices remained subject to choppy trade in the new week as demand concerns continue to weigh on the commodity.
UBS analysts believe concerns about hurricane disruptions should not discourage investors on crude oil. Brent Crude Oil ...
What is the price of crude oil today? WTI futures traded at $69.14 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 5.86%. Brent futures traded at $72.48/bbl, an increase of 1.68% ...
Concurrently, the latest data from the US Department of Energy showing a decrease in crude oil inventories by 1.63 million ...
Brent crude oil prices dropped below $70 a barrel, the lowest since December 2021. OPEC+ downgraded 2024 oil demand growth ...
Finance Ministry cuts windfall tax on domestically produced crude to zero as global oil prices fall, impacting retail fuel ...
US crude oil prices have fallen sharply, with WTI at $66.11 per barrel and Brent below $70, driven by weak demand data from ...
Investors are also anticipating a potential reduction in U.S. interest rates later this week. By 1315 GMT, Brent crude ...
Hedge funds turned net bearish on Brent crude for the first time on record as concerns about an oversupply of oil hammer futures prices. Money managers’ short positions outnumbered long bets by 12 ...
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