marketcrash
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pensions
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oil markets
03/25/2022
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By Arsenio Toledo
Price of crude oil shoots above $120 per barrel during short squeeze; experts warn of even higher oil prices in coming months
During a short squeeze on Wednesday, March 23, the price of crude oil futures shot up to a record-breaking price of $120 per barrel. Financial experts warn that this is just the beginning, and oil prices will one day stay above $120 per barrel for a long time. Brent crude futures, one of several internationally […]
05/01/2021
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By Arsenio Toledo
Crude oil production in Alaska at its lowest level in more than 40 years
Crude oil production in Alaska has fallen to its lowest level of production in 44 years. According to the Energy Information Administration (EIA), a statistical office that collects, analyzes and disseminates data for the government regarding the country’s energy sector, crude oil production in Alaska averaged around 448,000 barrels per day in 2020. This is the lowest […]
03/23/2020
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By Michael Alexander
Coronavirus sinks global oil markets with no bottom in sight
Gas prices are expected to slide down further this month, according to fuel price analysts. This is after oil prices plunged by as much as 26 percent on Wednesday? — an 18-year low. Patrick De Haan, Head of Petroleum Analysis at Gas Buddy, said the worldwide decline in crude oil prices can be linked to the current […]
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