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OPEC, oil price
Crude oil prices today: WTI is trading at $67.30
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 prices slide 3% on prospect of more OPEC+ oil
Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.
Oil Price Expected to Weaken If OPEC+ Hikes Supply
Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting from December is adding to market nervousness.
1d
on MSN
Oil prices mark a weekly loss on prospect of increased supply
Oil futures finished higher on Friday to modestly pare back their weekly loss from expectations OPEC+ will boost production ...
2d
on MSN
Why oil prices have plunged 3% today
The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...
2d
on MSN
Oil Prices, Stocks Fall Hard Despite Broad Rally in Commodities
Prices of copper and steel rose as reports emerged that China will add more stimulus measures to boost its economy.
3d
Crude oil prices today: WTI prices are down 2.39% today
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...
2d
Oil Prices Retreat Toward Three-Year Lows...Again
Oil prices turned sharply lower Thursday, on waning hope that supply cuts from the OPEC+ cartel and Chinese economic stimulus ...
2d
Analysis-US Gulf Coast Oil Prices to Take Center Stage as Exports Dominate
However, not long after the U.S. lifted its ban on crude exports in 2015 amid a shale boom that turned the country into the ...
6d
Oil Prices Are Down. Here Are 3 Energy Stocks That Can Prosper No Matter Where Prices Go Next.
When oil prices recover, as they always have, Chevron reduces its leverage in preparation for the next downturn. Conservative ...
KMA Land
20h
Oil Prices Move Higher On Interest Rate Cut
(KMAland) -- The Federal Reserve cut interest rates by half a point, a little larger than some economists had expected. With ...
Crude Oil Prices
2d
Oil Prices Set for a Weekly Loss as Supply Concerns Fade
Oil prices are set for a weekly drop due to a combination of factors, including the Libyan oil production agreement, Saudi Arabia's potential shift away from a $100 per barrel target, and OPEC+ plans ...
MoneyWeek
4d
What's next for oil prices?
Despite a “widening war” in the Middle East and the Opec cartel’s “best efforts” to cap supply, oil prices just keep on ...
3d
Oil prices fall over 2% on prospects Saudi Arabia to raise output
Oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world's biggest crude exporter, will give ...
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