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2. 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 ...

3. Oil prices hit three-month lows, head for weekly loss as ...

   www.aol.com/news/oil-prices-hit-three-month...

   U.S. crude oil hit an intraday low of $76.15, the lowest level since Feb. 26. Global benchmark Brent fell to $80.65, the lowest level since Feb. 8. The two benchmarks are on pace for a weekly loss ...

4. 1973 oil crisis - Wikipedia

   en.wikipedia.org/wiki/1973_oil_crisis

   In 1973, Nixon announced the end of the quota system. Between 1970 and 1973 US imports of crude oil had nearly doubled, reaching 6.2 million barrels per day in 1973. Until 1973, an abundance of oil supply had kept the market price of oil lower than the posted price.

5. Scramble for Africa - Wikipedia

   en.wikipedia.org/wiki/Scramble_for_Africa

   Chinese (and other Asian countries) state oil companies have entered Africa's highly competitive oil sector. China National Petroleum Corporation purchased 40% of Greater Nile Petroleum Operating Company. Furthermore, the Sudan exports 50–60% of its domestically produced oil to China, making up 7% of China's imports.

6. Goldman Sachs lowers its 2024 oil price forecast by 12% due ...

   www.aol.com/goldman-sachs-lowers-2024-oil...

   Goldman Sachs has cut its forecast for the average oil price next year by 12%, citing abundant production in the United States. The Wall Street bank wrote in a note Sunday that it now expects ...

7. Orange juice makers consider using alternative fruit as ... - AOL

   www.aol.com/finance/orange-juice-makers-consider...

   Megan Henney. May 31, 2024 at 3:00 AM. A global shortage of oranges that sent prices soaring has prompted some orange juice manufacturers to consider turning to alternative fruits to make the ...

8. 2010s oil glut - Wikipedia

   en.wikipedia.org/wiki/2010s_oil_glut

   2010s oil glut. Commercial crude oil stock pile (United States) Large build in stock in late 2014. Crude oil production in the United States increased from about 6 million barrels of oil a day in 2011 to almost 10 million barrels of oil a day in late 2014. The 2010s oil glut was a significant surplus of crude oil that started in 2014–2015 and ...

9. Retailers jacked up prices and squeezed consumers. They might ...

   www.aol.com/retailers-jacked-prices-squeezed...

   Ikea has slashed prices on hundred of products. In April, an 18-piece dinnerware set at Ikea was marked down to $29.99 down from $49.99, a glass door bookcase now costs $189 down from $229 and a ...