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.
UBS analysts believe concerns about hurricane disruptions should not discourage investors on crude oil. Brent Crude Oil ...
Concurrently, the latest data from the US Department of Energy showing a decrease in crude oil inventories by 1.63 million ...
WTI crude fell to its 52-week low of $64.78 per barrel on Sep. 10, 2024. It reached its 52-week high of $95.52 on Sep. 27, 2023. That’s 27.27% higher than the current futures price. Brent futures ...
wrote, Oil Net Short For First Time in History. Her invaluable works suggest a future short squeeze. From the article, ...
Brent Crude and Heating Oil at their lowest hedge fund position estimates for the past year. Gasoline is very near its lowest hedge fund level for the year. Relative Price and Positioning Relative ...
Brent crude crashed to a three-year low last week. Ahead of the US Federal Reserve policy decision, crude oil is teetering on ...
Brent crude oil prices dropped below $70 a barrel, the lowest since December 2021. OPEC+ downgraded 2024 oil demand growth ...
Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is facing a ...
A Brent Crude futures contract involves the delivery of Brent Crude oil (harvested in the North Sea off the shore of Britain) at a certain price on a certain date. Oil futures are calculated ...
Oil prices fell on Wednesday as the market cautiously awaited a rate cut announcement from the Federal Reserve, while ...
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