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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 ...
"Despite ongoing geopolitical conflicts, a combination of bearish factors will likely keep oil prices structurally low in 2025, with a likely price range of $60-$80 per barrel for Brent spot crude ...
A barrel that today costs $100 is the equivalent, in real dollars, to a $71 barrel in 2010 and a $56 barrel in 2000. ... The good news, according to Malek, is that although oil prices might rise ...
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 ...
The cost of a barrel of oil is currently at $77.49, squarely in the middle of oil's average price range of $70-$90 a barrel post-pandemic, according to data from OilPrice.com.
Oil futures jumped more than 2% on Friday as signs of supply tightness sent prices higher. West Texas Intermediate futures surged above $80 per barrel during intraday trading for the first time ...