U.S. crude stockpiles gained by 15.2 million barrels for the week ended Dec. 4, the Energy Information Administration said, versus oil experts expectations for a 1.42 million-barrel drawdown instead. ET by Myra P. Saefong Breaking Analysts had predicted an inventory draw of 1.937 million barrels … Barrel of oil equivalent (BOE) is a way of standardizing natural gas and other energy resources to a barrel of oil's energy. The API reported on late Tuesday a build in crude oil inventories of 1.973 million barrels for the week-ending December 11. Crude Oil price per Barrel Crude oil prices are fixed based on the several criteria globally, In india we mostly import oil from Iran and other Countries based on the long term contracts. Crude oil prices interestingly gain came a day after the U.S. government reported a massive surge in domestic crude oil inventories for last week. Crude Oil vs Gasoline Prices - 10 Year Daily Chart. This interactive chart compares the daily price performance of West Texas Intermediate (WTI) or Nymex Crude Oil vs regular gasoline prices, U.S. Gulf Coast over the last 10 years. Full Article » 4 oil price predictions for 2019 By Steve Austin, 2019/01/07 Get the latest commodity trading prices for oil, gold, silver, copper and more on the U.S. commodities market and exchange at CNNMoney. Why oil prices aren’t expected to see a quick recovery from a more than 20% loss in 2020 Dec. 18, 2020 at 11:03 a.m. Therramus's forecasts early last year at Oil-Price.net that oil markets were set for chaos in June, followed by turmoil in stocks in December, proved remarkably accurate. Get WTI Crude (Jan'21) (@CL.1:New York Mercantile Exchange) real-time stock quotes, news and financial information from CNBC. Wholesale Spot Petroleum Prices, 12/17/20 Close: Product Area Price Percent Change* Crude Oil ($/barrel) WTI: 48.34 +1.0: Brent: 51.20 +0.7: Louisiana Light: 50.14 Oil prices have increased in recent weeks, with the U.S. benchmark closing this week at $24.74 per barrel after briefly trading below zero last month for the first time. One barrel of crude oil … In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a "supercycle" that sends Brent crude skyrocketing as high as $190 a barrel in 2025.