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2. 2020–2022 world oil market chronology - Wikipedia

   en.wikipedia.org/wiki/2020–2022_world_oil...

   On January 3, 2020, WTI finished up 2.2 percent for the week at $63.05, the highest since May, after U.S. air strikes in Iraq, with Brent up 2.6 percent for the week at $68.60. [1] Then oil fell for five straight days before rising again; the U.S. "backed away from military confrontation" with Iran, and stockpiles were higher.

3. Price of oil - Wikipedia

   en.wikipedia.org/wiki/Price_of_oil

   Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. 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 ...

4. 2023–2025 world oil market chronology - Wikipedia

   en.wikipedia.org/wiki/2023–2025_world_oil...

   Oil rose for the first week of 2024 due to the Israel-Hamas War threatening to become a larger conflict, and positive U.S. economic news. Brent finished at $78.76 and WTI at $73.81. [49] Continuing Houthi attacks disrupted oil trading and increased costs, driving up oil prices. Brent finished January at $80.55 and WTI at $75.85. [50]

5. Oil prices jump most in nearly a year after Iran launches ...

   www.aol.com/finance/oil-prices-jump-most-nearly...

   Oil prices spiked on Tuesday after Iran fired a series of ballistic missiles at Israel, pushing prices to the highest level in nearly one year. West Texas Intermediate (CL=F) rose more than 5% to ...

6. 2020 Russia–Saudi Arabia oil price war - Wikipedia

   en.wikipedia.org/wiki/2020_Russia–Saudi_Arabia...

   On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. [1]

7. Global energy crisis (2021–2023) - Wikipedia

   en.wikipedia.org/wiki/Global_energy_crisis_(2021...

   A global energy crisis began in the aftermath of the COVID-19 pandemic in 2021, with much of the globe facing shortages and increased prices in oil, gas and electricity markets. The crisis was caused by a variety of economic factors, including the rapid post-pandemic economic rebound that outpaced energy supply, and escalated into a widespread ...

8. West Texas Intermediate - Wikipedia

   en.wikipedia.org/wiki/West_Texas_Intermediate

   West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX). The WTI oil grade is also known as Texas light sweet.

9. 2022 Russian crude oil price cap sanctions - Wikipedia

   en.wikipedia.org/wiki/2022_Russian_crude_oil...

   The Russian economy is heavily funded by oil and gas taxes. In 2021 Russia's revenue from all sources was $343 billion with oil and gas providing $127 billion. In 2022 revenue from all sources was $358 billion with oil and gas providing $166 billion or 46% of the budget. [9] Oil revenue is a major sanction target.