On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (whereby a contract is agreed upon, while the product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Oil prices stabilize amid easing US inflation, with WTI crude trading just under $68 per barrel. Production adjustments are key in maintaining market balance.

Urals Oil rose to 66.46 USD/Bbl on July 11, 2025, up 2.31% from the previous day. Over the past month, Urals Oil's price has risen 2.96%, but it is still 18.42% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

Oil prices stabilize with WTI near $63 a barrel after a drop in US crude inventories and easing Canadian wildfires.

WTI price news is reported regularly by financial news outlets, such as Bloomberg, CNBC, and OilPrice.com. These news sources provide analysis and commentary on the factors affecting WTI prices, as well as projections and forecasts for future price movements. Traders and investors closely follow WTI price news to make informed decisions about buying or selling oil futures contracts. They use technical analysis, fundamental analysis, and market sentiment to predict future price movements and capitalize on th

Oil prices rise as market focuses on US-China trade talks, OPEC's production strategy, and geopolitical sanctions impacting the global market.

Palm Oil rose to 4,175 MYR/T on July 11, 2025, up 0.68% from the previous day. Over the past month, Palm Oil's price has risen 8.72%, and is up 6.67% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on July of 2025.

Oil prices stabilize after a decline, influenced by US economic signals, trade tensions, and Iran talks. Brent crude sees its largest monthly drop since 2022, with market indicators suggesting a tightening oil market.

Oil prices hold gains after a rally, influenced by US-China trade easing and Iran tensions. Brent crude trades near $66, with WTI above $63. Rising US crude inventories add market volatility.

Oil prices remain stable due to positive US-China trade talks and geopolitical factors, with Brent crude at $65 and WTI near $63.

Oil prices rise following trade tensions and geopolitical events, with Brent crude surpassing $67 and West Texas Intermediate nearing $63. China's economic strategies and OPEC+ decisions are pivotal.

Oil prices fell slightly due to US tariff exemptions on electronics and new US-Iran negotiations, impacting the market outlook.

Between June 2009 and June 2019, gold had an annualized daily volatility of 15.81 percent, which made it considerably less volatile than silver and the Bloomberg WTI Oil Index.