Price of oil
Spot price of a barrel of benchmark crude oil
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📌 Topics
- Global Economy (2)
- Energy Markets (2)
- Geopolitics (1)
- Stock Market (1)
- Energy Sector (1)
- Luxury Goods (1)
- International Diplomacy (1)
🏷️ Keywords
Oil prices (3) · Energy supply (2) · Market volatility (2) · US-Iran tensions (1) · Crude futures (1) · Strait of Hormuz (1) · Economic data (1) · Middle East conflict (1) · BP (1) · European shares (1) · STOXX 600 (1) · Quarterly earnings (1) · LVMH (1) · U.S.-Iran talks (1) · Crude oil (1) · Singapore trading (1) · Nuclear deal (1)
📖 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.
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🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside Price of oil:
- 🌐 Energy supply (2 shared articles)
- 🌐 Strait of Hormuz (1 shared articles)
- 🌐 Economic data (1 shared articles)
- 🌐 Petroleum (1 shared articles)
- 🏢 BP (1 shared articles)
- 🌐 Volatility (finance) (1 shared articles)