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West Texas Intermediate oil price history 1946–2022 [1] West Texas Intermediate ( WTI ) is a grade or mix of crude oil ; the term is also used to refer to the spot price, the futures price, or assessed price for that oil.
West Texas Intermediate oil price history from 1950–2000, with an annotation for the 1973 oil crisis. Gnuplot code below. Items portrayed in this file depicts.
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 ...
This new oil field helped to revive Dallas's economy during the Great Depression, but sharply decreased interest in West Texas as the new supply led to another major drop in oil prices. The uncontrolled production in the eastern field destabilized the state's oil industry, which had been trying to control production levels to stabilize prices. [42]
West Texas Intermediate oil price history 1946–2022 [1] The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis . The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 ...
Oil prices are headed lower next year. ... rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down ...
West Texas Intermediate jumped 1.8% to settle at $90.16. Brent crude futures ( BZ=F ) also closed higher, at $93.70 per barrel. Oil has been on a steady rise over the past three months.
English: The chart in the figure shows the change in WTI oil prices between 2013 and 2023 (data availability by CNBC). The x-axis of the graph shows dots of different colours for each year, representing the start price, end price, and the highest and lowest prices for each year. y-axis represents the price of oil in US dollars per barrel.