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Price of oil
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Price of oil

Spot price of a barrel of benchmark crude oil

📊 Rating

21 news mentions · 👍 0 likes · 👎 0 dislikes

📌 Topics

  • Geopolitics (8)
  • Energy Markets (5)
  • Energy Security (4)
  • Geopolitical Risk (3)
  • Market Volatility (3)
  • Middle East Tensions (3)
  • Geopolitical tensions (3)
  • Energy markets (3)
  • Geopolitical Tensions (2)
  • Corporate Earnings (2)
  • Oil markets (2)
  • Diplomatic negotiations (2)

🏷️ Keywords

Oil prices (21) · Strait of Hormuz (12) · Energy markets (8) · Geopolitical tensions (5) · Iran (4) · Market volatility (4) · Nuclear program (4) · US-Iran talks (4) · OPEC+ (3) · OPEC (3) · Middle East tensions (3) · Geneva negotiations (3) · Global economy (2) · Energy security (2) · Trump (2) · Middle East (2) · Trump administration (2) · Brent crude (2) · Military action (2) · Federal Reserve (2)

📖 Key Information

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, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus, and Western Canadian Select (WCS). Oil prices are determined by global supply and demand, rather than any country's domestic production level.

📰 Related News (21)

🔗 Entity Intersection Graph

Strait of Hormuz(9)Iran(4)Energy market(3)War(2)Volatility (finance)(2)Middle East(2)Donald Trump(2)Nuclear program of Iran(2)OPEC(2)World economy(2)Price of oil

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