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 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.
Oil fell on Wednesday after two sessions of gains after an industry report showed increasing U.S. crude and fuel inventories, ...
Tight U.S. supply and Fed rate cuts boost crude oil prices, but weak Chinese demand limits gains. Can WTI break resistance at ...
A combination of bullish news including inventory drawdowns, supply outages and a large Fed interest rate cut sent oil prices ...
Oil futures rose for the week but lower on the day, impacted by the Fed's rate cut and tensions in the Middle East.
A further slump in weekly average oil prices more than offset a small increase in flows from Russian ports, intensifying ...
Saudi Arabia's crude oil exports declined in July due to increased domestic consumption during the summer months, despite a ...
Russia's oil revenue has plummeted as global crude prices fall. Oil sales dropped to $1.44 billion in the week ending ...
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