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Showing posts with the label WTI vs Brent Crude Oil

THE PRICE OF OIL

The price oil over the past two days: Was at $91/barrel over the past weekend. Shot up to just under $116/barrel when the market opened yesterday. Then fell to $85/barrel at 5PM yesterday. Over the past 24 hours, there was  low of $78.5/barrel. At 3PM EDT today, the price was $84/barrel. During the past month: Oil sat at around $65/barrel. Was as low as $61/barrel a little more than a month ago, February 12 Was up to $67/barrel at the end of February. War started on February 28. On March 2 oil rose to $71/barrel and went up to $95/barrel on March 9. So you might say with that one skyrocket price yesterday, the price of oil went up $19/barrel since the war started. From  Wikipedia: The   price of oil , or the   oil price , generally refers to the   spot price   of a   barrel (159 litres) of   benchmark crude oil —a reference price for buyers and sellers of crude oil such as   West Texas Intermediate   (WTI),   Brent Crude ,   Du...