Crude oil price

Name Expiration Price % Date MCL JUL23 6/16/2023 70.80 0.34 6/16/2023 CL JUL23 6/20/2023 70.96 0.55 6/16/2023 MCL AUG23 7/19/2023 71.07 0.4 6/16/2023 CL AUG23 7/20/2023 71.14 0.51 6/16/2023 MCL SEP23 8/21/2023 71.02 0.3 6/16/2023 CL SEP23 8/22/2023 71.16 0.48 6/16/2023 MCL OCT23 9/19/2023 70.86 0.47 6/16/2023 CL OCT23 9/20/2023 71.03 0.48 6/16/2023 MCL NOV23 10/19/2023 70.76 0.23 6/16/2023 CL NOV23 10/20/2023 70.79 0.51 6/16/2023 MCL DEC23 11/17/2023 70.49 0.28 6/16/2023 CL DEC23 11/20/2023 70.52 0.46 6/16/2023 MCL JAN24 12/18/2023 70.42 0.56 6/16/2023 CL JAN24 12/19/2023 70.17 0.43 6/16/2023 MCL FEB24 1/19/2024 68.99 1.07 6/15/2023 CL FEB24 1/22/2024 69.81 0.23 6/16/2023 MCL MAR24 2/16/2024 67.77 2.68 6/13/2023 CL MAR24 2/20/2024 69.58 0.4 6/16/2023 MCL APR24 3/19/2024 69.45 0.22 6/16/2023 CL APR24 3/20/2024 69.45 0.52 6/16/2023 MCL MAY24 4/17/2024 74.76 4/11/2023 MCL MAY24 4/19/2024 67.01 2.16 6/13/2023 CL MAY24 4/22/2024 69.10 0.36 6/16/2023 MCL JUN24 5/20/2024 68.54 3.1 6/16/2023 CL JUN24 5/21/2024 68.85 0.53 6/16/2023 MCL JUL24 6/18/2024 68.29 6/15/2023 CL JUL24 6/20/2024 68.55 0.35 6/16/2023 CL AUG24 7/22/2024 68.26 0.9 6/16/2023 CL SEP24 8/20/2024 67.74 2.79 6/15/2023 CL OCT24 9/20/2024 67.53 2.68 6/15/2023 CL NOV24 10/22/2024 66.97 1.86 6/15/2023 CL DEC24 11/20/2024 67.21 0.37 6/16/2023 CL JAN25 12/19/2024 66.12 1.79 6/15/2023 CL FEB25 1/21/2025 63.44 -2.4 6/12/2023 CL MAR25 2/20/2025 65.64 0.75 6/15/2023 CL APR25 3/20/2025 66.07 -4.73 6/5/2023 CL MAY25 4/22/2025 6...

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The price of oil is the most important value on the international commodity markets. Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin America greatly influence the price of oil, since they require more and more oil to support their economic growth and resulting rise in energy consumption. The supply of crude oil is limited, however, and cannot be increased further, since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result, the price of oil has a strong influence on international economic development, since it is urgently needed in all industrialised countries when supplies are limited. (read more) The commodity of crude oil is by far the world’s most important energy source and the price of oil therefore plays an important role in industrial and economic development. There are different types of crude oil. The most important type of crude oil used in Europe is Brent Crude, named after the North Sea oilfield where it is extracted. Brent Crude is a particularly light crude oil which is carried from the North Sea to the Sullom Voe Terminal on Mainland, Shetland by an underwater pipeline. From there, the crude oil is transported by tanker. Besides its primary role as the most important energy source, crude oil is also an essential raw material for manufacturing plastics. Crude oil is also used in cosmetics and medicines. Because the supply of crude oil is limited but dema...

BENGALURU, June 12 (Reuters) - Oil prices fell by around $3 a barrel on Monday after analysts highlighted rising global supplies and concerns about demand growth just ahead of key inflation data and a U.S. Federal Reserve meeting later this week. Brent crude futures fell $2.95, or 3.9%, to settle at $71.84 a barrel, their lowest since Dec. 2021. West Texas Intermediate crude fell $3.05, or 4.4%, to settle at $67.12 a barrel. Goldman Sachs cut its oil price forecasts early on Sunday, citing higher-than-expected supplies later this year and through 2024. The bank's December crude price forecast now stands at $86 a barrel for Brent, down from $95, and at $81 a barrel for WTI, down from $89. "Goldman capitulating on their bullish price forecast appears to have been the catalyst to kickstart selling today," said Kpler analyst Matt Smith. The revision comes at the start of a busy week for the U.S. Federal Reserve, which meets on Wednesday. While the Fed is expected to leave interest rates unchanged this month, investors are concerned that rate hikes are likely to resume next month, said UBS analyst Robert Yawger. The Fed's rate hikes have strengthened the dollar, making commodities denominated in the U.S. currency more expensive for holders of other currencies and weighing on prices. "The Fed meeting and inflation pressures remain key issues for the market this week," said Rob Haworth, senior investment strategist at U.S. Bank Asset Management. "The more likely hold on interest ...