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 crude prices settled Monday above $80 a barrel for the first time since August, as the risk of an Israeli ...
Despite the short-lived recovery in oil prices, analysts warn that the response from oil shorts remains strong, with bearish sentiment prevailing and many traders still aggressively shorting oil based ...
Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid ...
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Oil Slips as Strong Supply Counters Middle East and Hurricane Risk"Despite the current heightened tensions in the Middle East, it is easy to forget that the oil market is very much vulnerable ...
Oil prices fell by 2.4% in early European trade, possibly due to demand concerns and rebalancing. Click to read.
Urals crude oil have risen back above $65 a barrel at Russian Baltic and Black Sea ports, or $5 higher than the price cap set ...
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