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energybuyer

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energybuyer

Re: energybuyer post# 49096

Tuesday, 09/12/2023 7:30:05 PM

Tuesday, September 12, 2023 7:30:05 PM

Post# of 49564
Oil prices hit new 2023 highs on Tuesday amid a supply crunch resulting from output reductions by Saudi Arabia and Russia.

West Texas Intermediate (CL=F) hovered just below $89 per barrel in midday trading. Brent crude futures (BZ=F) sat above $91 per barrel. The prices represent oil's loftiest levels since November 2022.

The rally comes as OPEC data shows the industry faces a supply shortfall of 3 million barrels per day next quarter.
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote