Pre. Settlement | N/A |
Settlement Date | 2026-09-22 |
Open | 0.00 |
Bid | 0.00 |
Last Price | 56.23 |
Day's Range | 0.00 - 0.00 |
Volume | |
Ask | 0.00 |
Global energy firms are carefully developing new oil and gas projects—mostly outside the United States.
(Bloomberg) -- Oil edged higher before a Federal Reserve monetary-policy decision and guidance from producer group OPEC and its allies.Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesMicrosoft Studio Behind Halo Faces a Reboot on Years of TurmoilBrexit Is Costing the UK £100 Billion a Year in Lost Output8,000 Layoffs Don’t Exactly Scream Family ValuesWest Texas Intermediate rose above $
The Group of Seven nations (G7), Australia and the 27 European Union countries placed a price limit on Russian crude oil of $60 per barrel on Dec. 5. The cap allows non-EU countries to import seaborne Russian crude oil, but prohibits Western shipping and insurance companies from handling cargoes of the crude unless it is sold at or below that price. Most Russian oil currently trades below that level, with seaborne Urals crude quoted at $49.50 a barrel on a free-on-board basis from Primorsk on Tuesday, and at $47.83 FOB from Novorossiisk.