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Let's Talk About Oil | Seeking Alpha from macroblog.typepad.com

Amount of oil left in the world based on proven gas reserves and current global consumption levels. Crude oil prices reflect the market's volatile and liquid nature, as well as oil being a benchmark for global economic activity. Find natural gas, emissions, and crude oil price changes.

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There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. Oil price charts for brent crude, wti & oil futures. Crude prices on thursday initially opened higher on signs that opec+ will extend its current crude production cuts by three to six months. In 1990, average monthly prices of oil rose from $17 per barrel in july to $36 per barrel in october.