The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate, Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select. There is a differential in the price of a barrel of oil based on its grade—determined by factors such as its specific gravity or API gravity and its sulfur content—and its location—for example, its proximity to tidewater and refineries. Heavier, sour crude oils lacking in tidewater access—such as Western Canadian Select—are less expensive than lighter, sweeter oil—such as WTI. According to a January 2020 EIA report, the average price of Brent crude oil in 2019 was $64 per barrel compared to $71 per barrel in 2018. The average price of WTI crude oil was $57 per barrel in 2019 compared to $64 in 2018.
https://en.wikipedia.org/wiki/Price_of_oil
A move through $58.74 will negate the closing price reversal top and signal a resumption of the...
Brent oil futures, the main international price benchmark, rose 2.2% to $61.04. Futures on West...
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading sharply...
In the wake of the oil price crash that began in 2014, new drilling in the Eagle Ford dwindled as...
In the late 1980s, Brent crude became the benchmark on which most of the world’s oil is priced and...
In a Bloomberg report, the article stated that "OPEC and allied crude producers are averse to...
Brent crude, the global benchmark, rose $1.20 to $61.69 a barrel by 0825 GMT. The so-called OPEC+...
Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to...
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From a longer-term standpoint we are simply bouncing around between two levels, and with the OPEC...
Of all the developments to come out of the shale oil boom in the U.S., the idea that the U.S. could actually achieve energy independence seemed one of...
A sharp sell-off in crude today has seen the supportive uptrend off the October 3 low broken. Crude oil fell by 2% Friday and now trades ...
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures finished lower...
The WTI Crude Oil market pulled back a bit during the trading session on Monday, reaching towards...
International-benchmark Brent crude oil futures finished sharply lower on Friday as traders reacted...
The price of crude oil has bounced around quite a bit this year. The U.S. oil benchmark, West Texas Intermediate, ...
The minor trend is down. Its retracement zone at $54.72 to $53.77 is the next downside target zone.
The outlook for crude oil prices is constructive but strong gains are unlikely until a “phase one” trade deal is reached by the US and China. One positive ...
Oil steadied as an industry report showing an increase in U.S. crude stockpiles offset optimism that a limited trade deal is getting closer.
are the key chart signals and points Oil's traders need to keep in focus in the coming few days.
The main trend turned up when buyers took out the last swing top at $58.17. The swing chart shows...
U.S. West Texas Intermediate crude oil futures are trading lower late Friday, putting it in a...
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures settled mixed last...
Brent crude oil is currently trading around $63.39 per barrel, above the 50-day moving average of...
Oil and gas companies will spend more than $20 billion on cybersecurity by 2023, according to a survey conducted by the consulting firm BDO.
Prices traded lower early in the session over doubts of a trade deal between the United States and...
Iraq’s Basrah Heavy commanded premiums of $1.70 to $2 a barrel over its official selling price for...
The WTI Crude Oil market rallied a bit during the trading session on Tuesday, reaching towards the...
U.S. West Texas Intermediate crude oil futures are trading higher late Tuesday. Finally, buyers are...
The crude oil price gained on reports of more shale pain along with reports that Saudi Arabia wants to cut production and an American ...
International-benchmark Brent crude oil futures finished sharply higher on Friday after recovering...
Developments coming out of the US have drag on the price of oil as crude inventories ballooned for...
“We believe Murban will be an important new oil-price benchmark for supply from the Gulf region,” BP...
On a year-to-date basis, the iPath Pure Beta Crude Oil ETN (OLEM) has provided a solid 19% return to shareholders, as its shares have appreciated with a ...
The early sell-off was fueled by concerns over whether OPEC and its allies would agree to deepen...
U.S West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher...
Upstream energy company EOG Resources reported third-quarter 2019 adjusted earnings per share of...
The intermediate range is $59.11 to $50.89. The market has been hovering over its upper or Fibonacci...
The WTI Crude Oil market went back and forth during the trading session with slightly bullish...
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