Front-month Brent Crude futures dropped to below $100 per barrel again in morning trade in Europe on Thursday, reversing earlier gains, as the market hopes the U.S. and Iran could be able to reach an agreement that would eventually reopen the Strait of Hormuz.
According to their first quarter results statements, Exxon took top spot, with 4.594 million barrels of oil equivalent per day, followed by Chevron, with 3.858 million barrels of oil equivalent per day, and Conoco, with 2.309 million barrels of oil equivalent per day.
Curious Minds Corner
In what year did crude oil prices hit their all-time peak over the past century?
2008, when Brent crude topped $147 per barrel amid supply fears and demand surges.