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I am considering making a version of this graph that uses US domestic first purchase prices exclusively, and uses monthly data from 1974 onward so that we can go all the way to last month instead of waiting for the yearly average. I made a graph that shows monthly Brent spot prices, which is available here. It provides a detailed, recent history.
Anyway, I think it's alright for a graph of 150 years of history to wait until the year's end to incorporate its data. Instead, I've created this graph, which uses all available monthly average Brent spot prices from this EIA spreadsheet and the United States Consumer Price Index for All Urban Consumers (CPI-U), seasonally adjusted, from here ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The ICE Brent crude oil futures price is part of the Brent Complex, a physical and financial market for crude oil based around the North Sea of Northwest Europe, which could include numerous elements that can be referred to as Brent crude: Brent crude oil monthly futures contracts; Brent crude oil monthly forward contracts
Brent finished on September 1 up 4.8 percent for the week, the most since July, at $88.49. WTI finished the week up 7.2 percent, the most since March, at $85.02. [31] Oil finished the first full week of September at a nine-month high. Brent ended September 8 at $90.65, highest since November, with WTI at $87.51. [32]
Medium term Brent oil prices since May 1987 New York Mercantile Exchange prices for West Texas Intermediate since 2000, monthly overlaid on daily prices to show the variation Oil prices for Brent in US$ (blue) and Euro (red) From the mid-1980s to September 2003, the inflation adjusted price of a barrel of crude oil on NYMEX was generally under ...
Rising demand has also lifted crude prices in recent weeks. Last month, US crude gained 6%. ... with JPMorgan analysts predicting Brent to average $75 in 2025, sharply down from $83 in 2024.
After Saudi Arabia promised further production cuts, WTI reached $51.28 on January 7 and Brent climbed as high as $54.90, the highest since before COVID-19. [36] On January 14, a weaker dollar and an expected COVID-19 relief package helped oil move slightly higher, with WTI at $53.57 and Brent at $56.42, though Europe was experiencing more lockdowns and China had a higher number of COVID-19 ...