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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 ...
West Texas Intermediate crude rose more than 3.5% to settle at $76.57 per barrel while Brent crude futures , the international benchmark price, briefly hit $80 before settling at $79.76, the ...
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.
Oil prices are headed lower next year. That's a tailwind for the incoming Trump administration. ... BofA analysis shows prices could drop to an average of $65 per barrel in 2025, particularly if ...
Oil prices rose on Tuesday amid tight supplies and speculation over what $100 oil could do to the economy.. West Texas Intermediate settled at $90.39 per barrel on Tuesday while Brent also closed ...
Dubai Crude, also known as Fateh, is a heavy sour crude oil extracted from Dubai.It is produced in the Emirate of Dubai, part of the United Arab Emirates. [5] Dubai's only refinery, at Jebel Ali, takes condensates as feedstocks, and therefore all of Dubai's crude production is exported.