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.
Crude oil prices have crashed despite rapidly dwindling inventories, signaling potential economic weakness ahead.
Despite crude oil’s rally above the 20-Day MA, key resistance looms near 73.74, and the bearish trend is expected to resume, ...
Oil fell on Wednesday after two sessions of gains after an industry report showed increasing U.S. crude and fuel inventories, ...
Crude oil prices rise after the Fed rate cut, boosted by geopolitical tensions but still clouded by concerns about weak ...
A further slump in weekly average oil prices more than offset a small increase in flows from Russian ports, intensifying ...
Russia's oil revenue has plummeted as global crude prices fall. Oil sales dropped to $1.44 billion in the week ending ...
Saudi Arabia's crude oil exports declined in July due to increased domestic consumption during the summer months, despite a ...
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