oil prices

The price of oil, or the oil price, generally refers to the spot price of a barrel (42 U.S. gallons; 159 liters) 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) among others. Oil prices are determined by global supply and demand, rather than any country's domestic production level, although the Organization of the Petroleum Exporting Countries (OPEC) has considerable influence.

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  1. Bam Bam

    Energy Prices this winter: Good idea to plan ahead?

    I'm thinking ahead to the coming (European) winter and what the energy prices might be like. From what I understand it will take 8 months for oil and gas to get flowing from the gulf again AFTER the end of the blockage there. So if somehow Trump and the Iranians agreed with each other Energy...
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