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Where does Brent crude oil come from?

While Brent Crude oil is sourced from the North Sea the oil production coming from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil. The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.

Why did Brent crude futures hold 83.5 per barrel on Thursday?

Brent crude futures held around $83.5 per barrel on Thursday after losing nearly 1% in the previous session, weighed down by growing expectations that borrowing costs could stay higher for longer, hurting the demand outlook.

Is WTI crude oil down 0%?

Today’s WTI crude oil spot price of $78.67 per barrel is down 0% compared to one week ago at $ 79.46 per barrel. WTI crude oil also opened 2021 with an uptrend at $48.27 per barrel. WTI crude had a series of rallies and tumbles to reach a year-high price of $84.06 per barrel in late October 2021.

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