Crude oil prices today: WTI is trading at $70.98
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 dip amid Fed rate cut and US crude inventory report
WTI crude oil prices stayed at $71 per barrel on Wednesday, rebounding from earlier dips, according to data released by the EIA.
U.S. Crude Oil Stockpiles Fall in Week Ended Sept. 13
Commercial crude oil stockpiles excluding the Strategic Petroleum Reserve fell by 1.6 million barrels to 417.5 million barrels in the week ended Sept. 13 and were about 4% below the five-year average for the time of year,
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.
Fed Rate Cut: 2 Growth Stocks to Buy Right Now
The Federal Reserve slashed the federal funds rate by 50 basis points last week, and there could be further cuts before the end of 2024. Companies tied to the real estate sector in addition to those sensitive to consumer spending could benefit.
Exclusive: US to seek 6 million barrels of oil for reserve, amid low oil price
The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source familiar with ...
Business Insider1d
Oil (WTI) Price
1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 523.09 USD 1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1.69 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 ...
The New Voice of Ukraine on MSN6d
Russian oil prices fall below $60 per barrel for first time in 2024
Urals crude was priced at $57.44 per barrel in Primorsk and $57.79 per barrel in Ust-Luga, while in Novorossiysk it was ...
US seeks up to 6 million barrels of oil for strategic reserve
The U.S. is seeking to buy up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve after a historic ...
U.S. crude oil trades above $70 per barrel as Gulf of Mexico production recovers
U.S. crude oil is down more than 13% this quarter, while Brent has fallen nearly 16% as demand slows in China.
Oil Consumers Hedged in Droves as Prices Fell Below $70 a Barrel
Oil consumers posted one of the largest hedging additions on record when prices briefly fell below $70 a barrel last week.
Arab Times1h
Gulf countries face budget deficits amid low oil prices
It appears that the oil prices are currently lower than the levels most oil-producing countries need to balance their annual ...
DOE Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve
The DOE said it has bought more than 50 million barrels so far at an average price of $76 a barrel. The SPR held 380.6 barrels of oil as of Sept. 13, according to the U.S. Energy Information ...
Libyan Oil Exports Rebound Despite Ban by Eastern Government
Libya’s oil exports have risen over the past week even though authorities in the east of the country haven’t lifted ...