crude oil prices

Language: en

📖 Definitions

  1. The market cost or value of unrefined petroleum, typically measured in US dollars per barrel, which fluctuates based on global supply, demand, geopolitical events, and economic indicators.; A key economic indicator reflecting the cost of energy inputs for industries and transportation, often influencing inflation rates and consumer spending power.; The financial metric used by traders and investors to speculate on the future value of petroleum commodities in futures markets.

💬 Examples

  1. Crude oil prices have broken the $90 mark per barrel.

  2. Rising crude oil prices are expected to drive up transportation costs across the country.

  3. Hedge funds adjusted their portfolios as crude oil prices showed signs of volatility due to OPEC announcements.